Multifamily
Dolphin Gardens
12850 Dolphin St, Detroit, MI 48223
Listing Price: $8,400,000
Investment Overview
Marcus & Millichap is proud to present the exclusive listing of Dolphin Gardens Apartments, located at 12850 Dolphin St Detroit, Michigan 48223. This property has a total of 130-units spanning across a total of 18 buildings. Forty-eight of the units are in one large building and are boiler heated. In this building ownership pays for gas as well as water, while tenants pay for electric. The remaining eighty-two units are spread out across the rest of the property and are heated with individual furnaces. The residents in these units pay for gas and electric while ownership pays for the water. The total 130 units consist of 77 one-bedroom one-bathroom units, 52 two-bedroom one-bathroom units, and one office/house. Dolphin Gardens has been recently renovated with updates to 89 out of the total 130 units. These units have been fully renovated with new kitchens, bathrooms, and flooring. In addition, the property owners have also made upgrades to many furnaces, hot water tanks, boilers, common areas, and laundry room.
The property is in close proximity to Interstate 94 and U.S Route 24 (also known as Telegraph) These are two of Southeast Michigan's major throughways allowing easy access to major employers, retail centers, restaurants etc. in Detroit and the surrounding metros. The revitalization of Detroit has included sports facilities, such as Comerica Park for the Tigers, Ford Field for the Lions, and Little Caesars Arena for the Red Wings and Pistons. Additionally, new entertainment and retail venues are reshaping downtown Detroit. The region is also home to the Detroit Institute of Arts, the Detroit Historical Museum, and the Michigan Science Center. Universities and colleges located nearby include the University of Michigan, Wayne State University, University of Detroit Mercy, and Lewis College of Business. In addition, The Detroit Center for Innovation and the Michigan Central Innovation Center are under construction downtown, aiming to make the region competitive in a variety of tech industries.
Investment Highlights
- Location in Close Proximity to Interstate 94 and U.S Route 24 (Telegraph)
- 89 of 130 Units Renovated
- Strong Historical Collections
Exclusively Listed By
Financing By
Listing Price: $8,400,000
Investment Highlights
- Location in Close Proximity to Interstate 94 and U.S Route 24 (Telegraph)
- 89 of 130 Units Renovated
- Strong Historical Collections
Investment Overview
Marcus & Millichap is proud to present the exclusive listing of Dolphin Gardens Apartments, located at 12850 Dolphin St Detroit, Michigan 48223. This property has a total of 130-units spanning across a total of 18 buildings. Forty-eight of the units are in one large building and are boiler heated. In this building ownership pays for gas as well as water, while tenants pay for electric. The remaining eighty-two units are spread out across the rest of the property and are heated with individual furnaces. The residents in these units pay for gas and electric while ownership pays for the water. The total 130 units consist of 77 one-bedroom one-bathroom units, 52 two-bedroom one-bathroom units, and one office/house. Dolphin Gardens has been recently renovated with updates to 89 out of the total 130 units. These units have been fully renovated with new kitchens, bathrooms, and flooring. In addition, the property owners have also made upgrades to many furnaces, hot water tanks, boilers, common areas, and laundry room. The property is in close proximity to Interstate 94 and U.S Route 24 (also known as Telegraph) These are two of Southeast Michigan's major throughways allowing easy access to major employers, retail centers, restaurants etc. in Detroit and the surrounding metros. The revitalization of Detroit has included sports facilities, such as Comerica Park for the Tigers, Ford Field for the Lions, and Little Caesars Arena for the Red Wings and Pistons. Additionally, new entertainment and retail venues are reshaping downtown Detroit. The region is also home to the Detroit Institute of Arts, the Detroit Historical Museum, and the Michigan Science Center. Universities and colleges located nearby include the University of Michigan, Wayne State University, University of Detroit Mercy, and Lewis College of Business. In addition, The Detroit Center for Innovation and the Michigan Central Innovation Center are under construction downtown, aiming to make the region competitive in a variety of tech industries.
Exclusively Listed By
Financing By

