18250 WEAVER Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48228
Key Details
Property Type Multi-Family
Sub Type Colonial
Listing Status Active
Purchase Type For Sale
Square Footage 19,557 sqft
Price per Sqft $127
Subdivision Emerson Park (Plats)
MLS Listing ID 20250033930
Style Colonial
Bedrooms 31
Full Baths 40
Year Built 1969
Annual Tax Amount $48,402
Lot Size 0.890 Acres
Property Sub-Type Colonial
Property Description
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.
Location
State MI
County Wayne
Area Det: Joy-Schoolcraft Grnfld-Limi
Zoning Commercial,Multi-Family
Interior
Heating Space Heater
Exterior
Garage Spaces 50.0
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street
Water Community,Water at Street
Structure Type Brick,Brick Veneer
Schools
School District Detroit
Others
Assessment Amount $100
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional