For Sale
$2,300,000

1241 Woodward Heights Blvd Hazel Park, MI 48030

8-Unit Luxury Townhouse Complex, High NOI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 8-unit Class A apartment building, located at 1241 E Woodward Heights Blvd in Hazel Park, MI 48030, presents a compelling investment opportunity. Built in 2022, this contemporary two-story townhouse-style complex boasts 100% occupancy and a strong financial performance, reflected in its $143,500 Net Operating Income (NOI) and 6.24% capitalization rate. The asking price is $2,300,000. Each of the eight units features two spacious bedrooms, two full bathrooms, and in-unit laundry facilities, making them ideal for small families, professionals, or roommates. Adding to the appeal, each unit includes an attached one-car garage, providing convenient and secure parking for residents. The property's prime location on E Woodward Heights Blvd offers easy access to local amenities, schools, parks, and major transportation routes. The modern design and high-quality construction ensure low maintenance and operational costs, making this a truly attractive investment. This property benefits from its new construction, energy-efficient design, and strong rental demand in the thriving Hazel Park area within Oakland County. The property is not subject to a ground lease. This is a turnkey investment ready for immediate income generation.

Highlights

  • 8-unit multifamily property at 1241 E Woodward Heights Blvd, Hazel Park, MI, built in 2022.
  • Each of the 2-story townhouse units features 2 bedrooms, 2 baths, and in-unit laundry.
  • Units include attached 1-car garages.
  • Excellent location offering easy access to amenities, schools, parks, and transportation.
  • New construction with energy-efficient design, minimizing maintenance and operational costs.
  • Strong investment opportunity due to high rental demand in Hazel Park.

Property Details for 1241 Woodward Heights Blvd

Property type
Apartment buildings
Class
A
Units
8

Location Insight

City
Hazel Park
County
Oakland
State
Michigan
Latitude
42.469162
Longitude
-83.091862

FAQs

What type of property is this?
Apartment building - 8-Unit Luxury Townhouse Complex, High NOI
Where is the apartment building located?
The property is located at 1241 Woodward Heights Blvd Hazel Park, MI.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 8-unit multifamily property at 1241 E Woodward Heights Blvd, Hazel Park, MI, built in 2022.; Each of the 2-story townhouse units features 2 bedrooms, 2 baths, and in-unit laundry.; Units include attached 1-car garages.
How can I contact the broker?
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1241 Woodward Heights Blvd
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