28
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$1,500,000
Est. payment /mo
16 Baths
0.5 Acres Lot
New
1241 E Woodward Heights Boulevard Hazel Park, MI 48030
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Hazel Park
Subdivision Hazel Park
MLS Listing ID 20261044209
HOA Y/N true
Year Built 2019
Annual Tax Amount $43,337
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 136x295
Source Realcomp
Property Description
MAJOR PRICE REDUCTION OF $220,000! NOW OFFERED AT $1,500,000. Rare opportunity to acquire a stabilized 8 unit multifamily asset in Hazel Park, one of Metro Detroit's strongest rental submarkets. With deep tenant demand, low area vacancy, and a workforce housing profile that performs in every market cycle, this building is ideal for investors seeking dependable long term cash flow at a significantly improved basis.Portfolio buyers take note: the adjacent building will be coming to market soon, offering a chance to scale your position in this corridor with two assets side by side.The rent roll is supported by location: minutes from the I75 and I696 interchange, with major employment anchors nearby including the Amazon facility at 10 Mile and Dequindre, Corewell Health Royal Oak, the GM Tech Center in Warren, and downtown Detroit roughly 15 minutes south. Hazel Park's ongoing revitalization, including the growing restaurant and retail corridor along John R, continues to drive tenant demand and rent growth in the area.Residents are served by Hazel Park Schools including Webb Elementary, Hazel Park Junior High, and Hazel Park High School, plus parks, the recreation center, and the district library, amenities that support strong tenant retention and low turnover.Rent roll and financials available to qualified buyers. BATVAI
Location
State MI
County Oakland
Zoning Multi-Family,Residential
Direction Follow John R Rd and E Woodward Heights Blvd
Rooms
Basement Slab
Interior
Heating Forced Air
Cooling Central Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Lot Description Sidewalk
Water Public
Structure Type Brick
Schools
School District Hazel Park
Others
Tax ID 2525251011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Century 21 Curran & Oberski
NEARBY SCHOOL & BUSINESS
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