21516 Dequindre Rd
Warren, MI 48091
Warren Manor Apartments · Immeuble residentiel Propriété À vendre · 479 Unités

CMP Real Estate Group, as the exclusive advisor, is pleased to announce the offering of Warren Manor, a 479-unit multifamily property exceptionally well-located in Warren, Michigan. Situated at 21516 Dequindre Rd, Warren Manor occupies a prime position within the bustling Detroit suburb market. This advantageous location offers investors direct access to a thriving working-class community and significant rental growth opportunities. Positioned at the intersection of 9 Mile and Dequindre, the property provides residents with exceptional connectivity to a variety of amenities, transportation options, and proximity to I-75, presenting a standout investment prospect in a vibrant Detroit submarket.
Built in 1969 on a spacious 30.72-acre parcel, Warren Manor is a well-maintained two-story community spanning 431,724 square feet. With recent capital improvements totaling approximately $5,000,000, enhancing 205 units and exterior features, the property is primed for further value-add through ongoing upgrades. The community offers a mix of one-bedroom and two-bedroom units, designed to meet diverse tenant needs. Residents benefit from an array of on-site amenities, including a central laundry facility, exterior lighting, a swimming pool, and covered parking. The property is enhanced by mature landscaping with trees, flowers, mowed lawns, shrubs, and hedges, fostering a welcoming environment. Practical features such as ample surface parking and dedicated on-site management ensure a well-run community. Upgraded units feature modern interior amenities, including air conditioning and heating, along with fully equipped kitchens. Each unit includes laminate countertops, wood cabinetry, an electric oven/range, garbage disposal, dishwasher, microwave, and refrigerator/freezer. The property’s prime location offers residents convenient access to shopping, dining, and entertainment, plus excellent connectivity to major highways.
Warren enjoys a dynamic, diversified economy, supported by key employment sectors such as healthcare, social assistance, retail, trade, transportation, manufacturing, and a growing professional and technical services industry. The property provides easy access to major routes including I-75, I-696, and Woodward Ave, connecting residents to Oakland, Wayne, and Macomb Counties. Nearby cities include Sterling Heights, Detroit, Madison Heights, and Roseville. Within a 20-mile radius, residents can visit notable landmarks like Belle Isle Park, Detroit Institute of Arts, Henry Ford Museum of American Innovation, Campus Martius Park, Detroit Zoo, and Oakland Mall.
This robust employment base attracts a diverse workforce, driving consistent demand for rental housing in Warren and the broader Detroit submarket. This creates an ideal setting for multifamily investment with strong potential for sustained occupancy and rental growth.
Warren Manor presents an enticing investment opportunity in Warren, Michigan, delivering immediate income of $454,350.81 monthly, with a projected 33% rental income upside. This property stands out for its stability and long-term value in a high demand market.