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Kory Lambarth

kory@korvanrealty.com +1(313) 283-2781

$ 1,500,000

Est. payment | -/mo

16 Baths

0.5 Acres Lot

Save

$ 1,500,000

Est. payment | -/mo

Save

16 Baths

0.5 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality Hazel Park

Subdivision Hazel Park

MLS Listing ID 20261044209

HOA Y/N true

Year Built 2019

Annual Tax Amount $43,337

Lot Size 0.500 Acres

Acres 0.5

Lot Dimensions 136x295

Source Realcomp

Property Description

MAJOR PRICE REDUCTION OF $220,000! NOW OFFERED AT $1,500,000. Rare opportunity to acquire a stabilized 8 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

Location

State MI

County Oakland

Zoning Multi-Family,Residential

Direction Follow John R Rd and E Woodward Heights Blvd

Rooms

Basement Slab

Interior

Heating Forced Air

Cooling Central Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Lot Description Sidewalk

Water Public

Structure Type Brick

Schools

School District Hazel Park

Others

Tax ID 2525251011

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Century 21 Curran & Oberski

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(313) 283-2781

kory@korvanrealty.com

1241 E Woodward Heights Boulevard Hazel Park, MI 48030