12880 Dolson StDetroit, MI 48223

Property Details for 12880 Dolson St

Year built

1971

Lot size

1.18 AC

Property size (Sq ft)

35,500 SF

Property type

Apartment buildings

Description

Exceptional investment opportunity in Detroit, Michigan. This 3-story, 35,500 square foot apartment building at 12880 Dolson Street boasts 42 units with 100% occupancy. Built in 1971 and situated on a 1.18-acre lot, the property features 50 parking spaces and is zoned R-1. The building offers a strong rental history and a stable tenant base, providing a reliable income stream. With a price of $2,600,000 ($73.24/sq ft and $61,904.76/unit), this turnkey investment is ideal for those seeking a solid addition to their portfolio. The property's prime Detroit location and consistent full occupancy make it an attractive prospect for investors looking for enduring value and a dependable return. This multifamily asset presents a rare opportunity to acquire a well-maintained, high-performing property in a growing market. The building's size and unit count offer significant potential for future growth and appreciation. The substantial parking provision adds further value to this already attractive investment. This is a turnkey opportunity with a proven track record of success.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3819

Longitude

-83.2554

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