18250 Weaver Street
Detroit, MI 48228

More
Photos »

Tools & Resources:

Description

EXCEPTIONAL INVESTMENT Turnkey 40-Unit Multifamily ...FULLY OCCUPIED Opportunity | TOP Cap Rate Potential | Prime Detroit LocationFully remodeled 40-unit multifamily asset ideally located in the heart of Detroit, just minutes from major shopping districts and directly adjacent to the highly sought-after Dearborn Heights community. This property has undergone a full transformation—modernized units, updated mechanicals, and refreshed common areas—making it a truly turnkey opportunity. Seller is ready to hand off this high-yield investment to a new owner ready to capitalize on rising demand and long-term wealth creation through lease-up and management.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48228
• Year Built: 1969
• School District: Detroit
• Basement: Slab
• Lot Size: 0.89 acres
• Basement Type: No
• Construction Materials: Brick
• Directions: head north on Southfield highway and north on weaver st
• Gross Income: 480000
• Heat Source: Electric
• Heating: Space Heater
• Lot Size Area: 0.89
• Lot Size Square Feet: 38768.4
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Operating Expense: 69000
• Parcel Number: W22I068255C61
• SEV: 601500
• Spec Assessment Ty: 100.00
• Street Type: Paved
• Tax Annual Amount: 48402
• Tax Legal Description: N E WEAVER 291 THRU 296 AND VAC ALLEYS ADJ ALSO THAT PT VAC PORTION ROSEMONT AVE ADJ EMERSON PARK SUB L55 P45 PLATS, W C R 22/322 38, 751 SQ FT
• Total Approx Sq Ft All Bldgs: 19557
• Total Num Units: 40
• Util Availat Street: Public Sewer