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Multifamily

Dolson Arms Apartments

12880 Dolson St, Detroit, MI 48223

Listing Price: $2,495,000

Cap Rate
7.97%
Number of Units
42
GRM
5.32
Occupancy
95.0%
Price/Unit
$59,405
Price/Gross SF
$70.28
Gross SF
35,500

Investment Overview

Marcus & Millichap is proud to present the Dolson Apartments located at 12880 Dolson St Detroit, MI 48223. The property has 42 units that consist of 26 one-bedroom one-bathroom units that average 650 square feet in size and 16 two-bedroom one-bathroom units that average 750 square feet in size.

The property is in close proximity to I-96 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

  • Historical Occupancy
  • Long-term Tenants
  • Close Proximity to Major Throughways

Exclusively Listed By

Financing By

Multifamily

Dolson Arms Apartments

Listing Price: $2,495,000

Cap Rate
7.97%
Number of Units
42
GRM
5.32
Occupancy
95.0%
Price/Unit
$59,405
Price/Gross SF
$70.28
Gross SF
35,500

Investment Highlights

  • Historical Occupancy
  • Long-term Tenants
  • Close Proximity to Major Throughways

Investment Overview

Marcus & Millichap is proud to present the Dolson Apartments located at 12880 Dolson St Detroit, MI 48223. The property has 42 units that consist of 26 one-bedroom one-bathroom units that average 650 square feet in size and 16 two-bedroom one-bathroom units that average 750 square feet in size. The property is in close proximity to I-96 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

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