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DUNEDIN APARTMENTS 2 biens • Immeuble residentiel • À vendre 3 072 888 $ CAD • Detroit, MI
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Faits saillants de l'investissement
- 28 Units with Significant Rent Upside
- Historic Character with Renovated Unit Appeal
- Value Add Multifamily Near Henry Ford Health's $3B Expansion
Résumé de l'annonce
Discover the opportunity to acquire 7536 & 7510–7512 Dunedin Street, a renovated 28-unit multifamily portfolio located in Detroit’s highly desirable Virginia Park neighborhood. With a mix of occupied units providing in-place cash flow and continued upside through lease optimization, the property offers an attractive blend of immediate income, historic appeal, and long-term value creation in a proven rental market.
Current rents remain below those achieved by nearby renovated apartment communities, with comparable properties demonstrating an average rental premium of approximately $0.61 per square foot. This gap provides a clear opportunity for future revenue growth through natural tenant turnover and continued lease optimization while benefiting from the property's existing occupancy and renovated condition. With a diverse unit mix that includes studios, one-bedroom, two-bedroom, and three-bedroom layouts, the asset is well-positioned to attract a broad tenant base and maintain resilient occupancy.
As investment activity continues to spread outward from Midtown and New Center into surrounding historic neighborhoods, Virginia Park and LaSalle Gardens have emerged as increasingly sought-after destinations for both renters and investors seeking strong fundamentals, neighborhood character, and long-term appreciation potential.
Current rents remain below those achieved by nearby renovated apartment communities, with comparable properties demonstrating an average rental premium of approximately $0.61 per square foot. This gap provides a clear opportunity for future revenue growth through natural tenant turnover and continued lease optimization while benefiting from the property's existing occupancy and renovated condition. With a diverse unit mix that includes studios, one-bedroom, two-bedroom, and three-bedroom layouts, the asset is well-positioned to attract a broad tenant base and maintain resilient occupancy.
As investment activity continues to spread outward from Midtown and New Center into surrounding historic neighborhoods, Virginia Park and LaSalle Gardens have emerged as increasingly sought-after destinations for both renters and investors seeking strong fundamentals, neighborhood character, and long-term appreciation potential.
Faits sur la propriété
| Prix | 3 072 888 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 142,05 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 7,25% | Taille totale du bâtiment | 21 632 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,49 AC |
| Statut | Actif |
| Prix | 3 072 888 $ CAD |
| Prix/pi² | 142,05 $ CAD / pi² |
| Taux de capitalisation | 7,25% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 21 632 pi² |
| Superficie totale du terrain | 0,49 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 7536 Dunedin St, Detroit, MI 48206 | Immeuble residentiel | 17 600 pi² | 1924 | - |
| 7512 Dunedin St, Detroit, MI 48206 | Immeuble residentiel | 4 032 pi² | 1915 | - |
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Contacts
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Deno Bistolarides -
Eric Reed -
Kishon Harbert -
Ryan Vinco -
Encore Real Estate Investment Services
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
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DUNEDIN APARTMENTS
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