$2,499,000
18250 weaver street, detroit, MI 48228
Property Description
Turnkey 40-Unit Multifamily Opportunity | 12–14% Cap Rate Potential | Prime Detroit Location Fully remodeled 40-unit multifamily asset ideally located in the heart of Detroit, just minutes from major shopping districts and directly adjacent to the highly sought-after Dearborn Heights community. This property has undergone a full transformation—modernized units, updated mechanicals, and refreshed common areas—making it a truly turnkey opportunity. With projected annual revenue of approximately $480,000, this property offers investors a potential 12–14% cap rate upon stabilization. Lightly occupied post-renovation with strong tenant interest already in motion. Seller is ready to hand off this high-yield investment to a new owner ready to capitalize on rising demand and long-term wealth creation through lease-up and management.
General Information
Price: $2,499,000
Price/SqFt: $128
Status: Active
MLS#: 20250033930
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: emerson park (plats)
Acres: 0.89
Lot Dimensions: 387x100
Bedrooms:0
Bathrooms:40 (40 full, 0 half)
Size: 19,557 sq.ft.
Acreage: 0.89 est.
Year Built: 1969
Property Type: Multifamily
Style: 3 Story
Features & Room Sizes
Exterior: Brick, Brick Veneer
Basement: 0
Heating: Space Heater
Heating: Space Heater
Tax, Fees & Legal
Est. Summer Taxes: $45,412
Est. Winter Taxes: $2,990
Est. Winter Taxes: $2,990
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2025 Realcomp II Ltd. Shareholders Listing By: Lila Mircholi of Golden Key Realty Group LLC, Phone: (248) 422-6962
