Turnkey 40-Unit Multifamily Opportunity | 12–14% Cap Rate Potential | Prime Detroit Location
Fully remodeled 40-unit multifamily asset ideally located in the heart of Detroit, just minutes from major shopping districts and directly adjacent to the highly sought-after Dearborn Heights community. This property has undergone a full transformation—modernized units, updated mechanicals, and refreshed common areas—making it a truly turnkey opportunity. With projected annual revenue of approximately $480,000, this property offers investors a potential 12–14% cap rate upon stabilization. Lightly occupied post-renovation with strong tenant interest already in motion. Seller is ready to hand off this high-yield investment to a new owner ready to capitalize on rising demand and long-term wealth creation through lease-up and management.
Fully remodeled 40-unit multifamily asset ideally located in the heart of Detroit, just minutes from major shopping districts and directly adjacent to the highly sought-after Dearborn Heights community. This property has undergone a full transformation—modernized units, updated mechanicals, and refreshed common areas—making it a truly turnkey opportunity. With projected annual revenue of approximately $480,000, this property offers investors a potential 12–14% cap rate upon stabilization. Lightly occupied post-renovation with strong tenant interest already in motion. Seller is ready to hand off this high-yield investment to a new owner ready to capitalize on rising demand and long-term wealth creation through lease-up and management.
Property Details
Price:
$2,499,000
MLS #:
20250033930
Status:
Active
Beds:
0
Baths:
40
Address:
18250 WEAVER ST
Type:
Single Family
Subtype:
Multi Family
Subdivision:
EMERSON PARK PLATS
Neighborhood:
05034 – Det: Joy-Schoolcraft Grnfld-Limits
City:
Detroit
Listed Date:
May 10, 2025
State:
MI
Finished Sq Ft:
19,557
ZIP:
48228
Lot Size:
38,768 sqft / 0.89 acres (approx)
Year Built:
1969
See this Listing
I’m a first-generation American with Italian roots. My journey combines family, real estate, and the American dream. Raised in a loving home, I embraced my Italian heritage and studied in Italy before returning to the US. As a mother of four, married for 30 years, my joy is family time. Real estate runs in my blood, inspired by my parents’ success in the industry. I earned my real estate license at 18, learned from a mentor at Century 21, and continued to grow at Remax. In 2022, I became the…
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Schools
School District:
Detroit
Interior
Bathrooms
40 Full Bathrooms
Heating
Electric, Space Heater
Exterior
Architectural Style
Colonial
Construction Materials
Brick, Brick Veneer
Parking Features
Parking Lot, Shared Driveway
Parking Spots
50
Financial
Taxes
$48,402
Map
Community
- Address18250 WEAVER ST Detroit MI
- SubdivisionEMERSON PARK (PLATS)
- CityDetroit
- CountyWayne
- Zip Code48228
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18250 WEAVER ST
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