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$4,000,000 USD
1241-1251 E Woodward Heights Boulevard
Hazel Park, Michigan 48030
USA
Hazel Park, Michigan 48030
USA
1,881.225 m2 ::
20,250 sqft
36 full baths
Residential For Sale, Multi-Family Home
Sale price per sqm: 2,126.2
Tax: 43,337 USD
Remarks:
MAJOR PRICE REDUCTION ON THE FIRST BUILDING OF $220,000! NOW OFFERED AT $1,500,000. Rare opportunity to acquire a stabilized 18 unit multifamily asset in Hazel Park, one of Metro Detroit's strongest rental submarkets. With deep tenant demand, low area vacancy, and a workforce housing profile that performs in every market cycle, this building is ideal for investors seeking dependable long term cash flow at a significantly improved basis. Portfolio buyers take note: the adjacent building will be coming to market soon, offering a chance to scale your position in this corridor with two assets side by side. The rent roll is supported by location: minutes from the I75 and I696 interchange, with major employment anchors nearby including the Amazon facility at 10 Mile and Dequindre, Corewell Health Royal Oak, the GM Tech Center in Warren, and downtown Detroit roughly 15 minutes south. Hazel Park's ongoing revitalization, including the growing restaurant and retail corridor along John R, continues to drive tenant demand and rent growth in the area. Residents are served by Hazel Park Schools including Webb Elementary, Hazel Park Junior High, and Hazel Park High School, plus parks, the recreation center, and the district library, amenities that support strong tenant retention and low turnover. Rent roll and financials available to qualified buyers. BATVAI
Features:
- Year Built: 2019
Location:
1241-1251 E Woodward Heights Boulevard, Hazel Park, Michigan 48030, USA
Listed By CENTURY 21 Curran & Oberski
The Residential For Sale, Multi-Family Home located at 1241-1251 E Woodward Heights Boulevard, Hazel Park, Michigan 48030, USA is currently for sale. 1241-1251 E Woodward Heights Boulevard, Hazel Park, Michigan 48030, USA is listed for $4,000,000 USD. This property has 36 full baths and 20,250 sqft. If the property located at 1241-1251 E Woodward Heights Boulevard, Hazel Park, Michigan 48030, USA isn't what you're looking for, search Michigan Real Estate to see other Homes For Sale in Hazel Park.
