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Investment Highlights

  • Prime Location. Strong Investment Appeal.
  • A truly compelling addition to any real estate portfolio.
  • Multiple Units. Birmingham Opportunity.

Executive Summary

INVESTOR'S DREAM IN HIGHLY ACCLAIMED BIRMINGHAM! Zoned Multi-Res and can be turned into a single-family residence. An Exceptional investment opportunity in one of Metro Detroit's most coveted and highly acclaimed communities. This well-positioned three-unit multi-residential property offers an ideal combination of location, walk to downtown Birmingham, versatility, and income-producing property in the heart of Poppleton Park in Birmingham! Many updates have been done but there is room for further renovations and increased rent potential. Features include updated 3 separate car garages for each unit, freshly landscaped backyard, new balcony and patio areas, new carpet, stainless steel appliances, granite counter tops and a new full bath on the lower-level walk-out.
Situated in sought-after Birmingham, this property places residents within close proximity to the area's renowned dining, shopping, entertainment, parks and vibrant downtown lifestyle. One of the strongest rental markets in the region. Whether you're an experience investor looking to expand your portfolio or seeking an opportunity to establish a foothold in Birmingham highly desirable real estate market, this property presents an outstanding opportunity to acquire a versatile, income-producing asset in an exceptional location.
The property features three thoughtfully designed residences including two one-bedroom units with beautiful views off new balconies plus one two-bedroom unit with a lower-level walk out, fireplace and island in the kitchen with a second kitchen in the lower level. This creates an attractive mix for a diverse tenant profile. Each unit offers its own distinct living space, providing flexibility for both investors and future ownership strategies. Prime Location. Multiple Units. Strong investment appeal. Birmingham Opportunity. A truely addition to any real estate portfolio.

Data Room Click Here to Access

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $91,568 $21.79
Other Income - -
Vacancy Loss - -
Effective Gross Income $91,568 $21.79
Taxes - -
Operating Expenses $17,065 $4.06
Total Expenses $17,065 $4.06
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $91,568
Annual Per SF $21.79
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $91,568
Annual Per SF $21.79
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual $17,065
Annual Per SF $4.06
Total Expenses (CAD)
Annual $17,065
Annual Per SF $4.06
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $1,213,975 CAD
Price Per Unit $404,658 CAD
Sale Type Investment
Cap Rate 6.14%
Sale Condition 1031 Exchange
Gross Rent Multiplier 13.26
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Single-Family Home
Lot Size 0.17 AC
Building Size 4,202 SF
Average Occupancy 75%
No. Stories 2
Year Built/Renovated 1924/2025
Parking Ratio 0.71/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Crown Molding
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Tub/Shower
  • Carpet
  • Basement
  • Built-In Bookshelves
  • Deck
  • Dining Room
  • Family Room
  • Freezer
  • Island Kitchen
  • Lawn
  • Pantry
  • Patio
  • Skylights

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Trash Pickup - Curbside
  • Wi-Fi
  • Storage Space
  • Bicycle Storage
  • Sundeck
  • Individual Locking Bedrooms
  • Private Bathroom
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 $2,289 CAD 800 - 856
2+2 1 $3,052 CAD 2,254
Moderately walkable
70/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
19-25-487-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$404,469 CAD
  • Listing ID: 41763479

  • Date on Market: 2026-08-15

  • Last Updated:

  • Address: 156 N Worth St, Birmingham, MI 48009

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