NOT ELIGIBLE FOR FINANCING FROM OFF MARKET CAPITAL
🔥 Detroit 24-Unit Redevelopment Opportunity | Midtown Adjacent | Massive Upside 🔥
Price: $1,130,000
Property Overview
Rare opportunity to acquire a 24-unit multifamily asset located one block from the Motown Museum in a rapidly transforming Detroit corridor. Positioned within a $3B+ redevelopment zone, this property offers substantial upside for experienced investors and developers.
Asset Details
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24 Units Total
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12 × 2-Bedroom Units
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12 × 1-Bedroom Units
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22,185 Sq Ft
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9,017 Sq Ft Lot
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Year Built: 1924
Location Highlights
Situated in a high-growth pocket near major institutional investment:
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Steps from Motown Museum
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Near Henry Ford Hospital expansion
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Close to Michigan State University projects
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Minutes to Wayne State University & Downtown Detroit
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Surrounded by ongoing mixed-use and residential redevelopment
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Proximity to sports & entertainment venues
Condition & Scope
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Full gut rehab required
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Vacant for ~10 years
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Severe distressed condition
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Foundation appears solid
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Dry basement with no debris
Investment Thesis
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Prime candidate for full-scale redevelopment
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Opportunity to reposition into a stabilized, high-value multifamily asset
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Strong long-term appreciation driven by surrounding institutional capital
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Ideal for developers targeting workforce or market-rate housing
Deal Highlights
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Large unit count in a high-demand urban corridor
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Located in one of Detroit’s most aggressively redeveloping areas
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Significant value creation potential post-renovation
📸 Photos:
https://drive.proton.me/urls/YB5F0CQWSR#eZa01FrD8g3R
⚡ Institutional-quality opportunities in this location are rare — serious developers should move quickly.
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