1241 E Woodward Heights BLVD, Hazel Park, MI 48030
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1241 E Woodward Heights BLVD, Hazel Park, MI 48030
1241 E Woodward Heights BLVD, Hazel Park, MI 48030
1241 E Woodward Heights BLVD, Hazel Park, MI 48030
1241 E Woodward Heights BLVD, Hazel Park, MI 48030
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Complete Realty Group

Complete Realty Group

+1(248) 291-7210
$ 1,500,000
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1241 E Woodward Heights BLVD Hazel Park, MI 48030

16 Baths

20,250 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Square Footage 20,250 sqft

MLS Listing ID 20261044209

Style Townhouse

Full Baths 16

Year Built 2019

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type MultiFamily

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

Area Area02257Hazelpark

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Laundry ElectricDryerHookup, InUnit, WasherHookup

Exterior

Exterior Feature Balcony

Parking Features Garage, ParkingLot

Pool None

Community Features Sidewalks

Utilities Available AboveGroundUtilities

View Y/N No

Roof Type Asphalt

Garage true

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Hazel Park

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes


Realcomp MLS
Listed by Joseph Rauti of Century 21 Curran & Oberski

NEARBY SCHOOLS & PROPERTIES

Complete Realty Group

Complete Realty Group

+1(248) 291-7210

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1241 E Woodward Heights BLVD