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1241 E Woodward Heights Blvd
Hazel Park, MI 48030
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Newly constructed 8-unit multi-family property with modern design.
- Fully leased, providing immediate and stable cash flow.
- Fully leased, providing immediate and stable cash flow.
- Located near major highways for convenient regional access.
Executive Summary
This newly built 8-unit townhome community offers investors a fully stabilized, income-producing asset in the heart of Hazel Park, MI. Each residence is thoughtfully designed with a private garage, providing a highly desirable feature that enhances tenant appeal and retention. The property’s new construction minimizes maintenance costs and capital expenditure, ensuring operational efficiency for years to come.
Positioned along E Woodward Heights Blvd, the community benefits from excellent regional connectivity via I-75 and I-696, placing Downtown Detroit and key employment centers within easy reach. Hazel Park has seen consistent revitalization and growth, driving strong rental demand and long-term value appreciation. With 100% occupancy and modern finishes throughout, this property represents a turnkey investment opportunity combining stability, quality, and location advantage.
Positioned along E Woodward Heights Blvd, the community benefits from excellent regional connectivity via I-75 and I-696, placing Downtown Detroit and key employment centers within easy reach. Hazel Park has seen consistent revitalization and growth, driving strong rental demand and long-term value appreciation. With 100% occupancy and modern finishes throughout, this property represents a turnkey investment opportunity combining stability, quality, and location advantage.
Property Facts
| Price Per Unit | $298,428 CAD | Lot Size | 0.92 AC |
| Sale Type | Investment | Building Size | 20,000 SF |
| Cap Rate | 8.13% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.05/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | RC - Multiple Family Residential | ||
| Price Per Unit | $298,428 CAD |
| Sale Type | Investment |
| Cap Rate | 8.13% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.92 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 0.05/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RC - Multiple Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $2,899 CAD | 1,300 - 1,400 |
Property Taxes
| Parcel Number | 25-25-251-005 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $233,872 CAD |
Property Taxes
Parcel Number
25-25-251-005
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$233,872 CAD
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