0 Dix Toledo RdWoodhaven, MI 48183

Property Details for 0 Dix Toledo Rd

Property size (Sq ft)

20,000 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a proposed 140-unit multifamily apartment development in Brownstown Township, Michigan, conveniently located on Dix Toledo Road, zip code 48183. The project encompasses seven three-story buildings, totaling 20,000 square feet on a 12.9-acre lot (APN 70-030-99-0031-000). The development plan, approved in 2015 (subject to renewal), includes a mix of unit sizes to cater to diverse needs: 23 units at 835 square feet, 19 units at 1,119 square feet, 60 units at 1,114 square feet, and 8 units at 1,382 square feet. This translates to a variety of one, two, and three-bedroom floor plans. Ample parking is provided with 264 spaces. The property is zoned B1-M-F, allowing for potential alternative uses beyond residential, including commercial options. The price per unit is $5,357.14. This prime location in Woodhaven, Wayne County, offers significant potential for strong rental income and long-term appreciation. The approved plans provide a solid foundation for a swift development timeline. Don't miss this chance to acquire a substantial multifamily asset in a thriving Michigan market.

Location Insight

City

Woodhaven

County

Wayne

State

Michigan

Latitude

42.1527

Longitude

-83.2542

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