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9700 Chalmers St 10 Unit Apartment Building $548,734 CAD ($54,873 CAD/Unit) Detroit, MI 48213
Investment Highlights
- Ten-unit apartment building located on Detroit’s East Side, offering an investment opportunity in a demand-driven multifamily market.
- Strong occupancy potential supported by ongoing demand for quality housing near Detroit’s urban core and revitalized neighborhoods.
- Built in 1959, the property offers value-add opportunities for investors to improve amenities and potentially increase rental income.
- All units feature one-bedroom, one-bath layouts designed with spacious interiors and access to natural light, appealing to long-term renters.
- Positioned on a 7,405-square-foot lot with proximity to key transportation corridors and essential services.
- Listed at $395,000, making it an accessible entry into Detroit’s growing multifamily sector with potential for stable cash flow.
Executive Summary
9700 Chalmers Street is a 10-unit apartment building located on Detroit’s East Side. All units are one-bedroom, one-bathroom apartments with expansive layouts and abundant natural light. With strong occupancy rates and sustained demand for quality housing on Detroit’s East Side, the property offers an excellent investment opportunity for buyers seeking stable cash flow, along with the ability to capitalize on untapped potential through future property enhancements.
Property tours Thursday, June 4th at Noon
Property tours Thursday, June 4th at Noon
Property Facts
| Price | $548,734 CAD | Building Class | C |
| Price Per Unit | $54,873 CAD | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 5,515 SF |
| No. Units | 10 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1980 |
| Apartment Style | Low-Rise | Parking Ratio | 2.72/1,000 SF |
| Zoning | Commercial - Commercial Zoned District | ||
| Price | $548,734 CAD |
| Price Per Unit | $54,873 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 5,515 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.72/1,000 SF |
| Zoning | Commercial - Commercial Zoned District |
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 |
|---|---|---|---|
| 1+1.5 | 10 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 21-05551-922 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $196,330 CAD |
Property Taxes
Parcel Number
21-05551-922
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$196,330 CAD
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Videos
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Photos
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9700 Chalmers St
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