18250 Weaver Street

Detroit, Michigan 48228

  • 34 Bed(s)
  • 40 Bath(s)
  • 19,557 Sqft
  • 0.89
    Acre(Lot)
$2,499,000

Description

Turnkey 40-unit multifamily opportunity | 12–14% cap rate potential | prime detroit location
fully 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. with projected annual revenue of approximately $480,000, this property offers investors a potential 12–14% cap rate upon stabilization. lightly occupied post-renovation with strong tenant interest already in motion. 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.

  • Property Type

    Multifamily

  • Subdivision

    Emerson Park (plats)

  • County

    Wayne

  • Style

    Colonial

  • AD ID

    49665058

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Property Details

  • Bathroom Information

    • Total Baths: 40
    • Full Baths: 40

    Interior Features

    • Utility Smart Meter

    Heating & Cooling

    • Heating: Space Heater
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1969
    • Building Stories: 3 Story
    • Total Units: 40
    • Foundation/Basement: Slab
    • Architecture: Colonial

    Exterior Features

    • Construction: Brick,Brick Veneer

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street

    Water

    • Community,Water at Street

  • Lot Information

    • Lot Size: 0.89
    • Dimensions: 387x100

    Property Information

    • SQ ft: 19557
    • Subdivision: EMERSON PARK (PLATS)
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $2,499,000

    Listing Information

    • Possession: At Close
    • 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

  • Tax Information

    • Annual Tax: $48,402
    • Parcel Number: W22I068255C61

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: 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

  • Parking Information

    • Parking: 50

    Multi-Unit Information

    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 28

    Unit 2 Information

    • # of Bedrooms: 3

  • Utility Information

    • Water:Community,Water at Street
    • Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street
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BuyOwner last updated this listing 05/13/2025 @ 09:46

  • MLS: 626174643
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 34 bedrooms which is for sale, it has 19,557 sqft, 1 sized lot, and 0 parking. are nearby neighborhoods.