Investment Overview

Marcus & Millichap is pleased to present Hoover Street Apartments, a fully renovated multifamily investment opportunity located in Wayne County, Michigan, within the 48205 ZIP Code and the Detroit Public Schools Community District. Hoover Street Apartments consists exclusively of spacious one-bedroom units, with 100% of the units fully remodeled. Renovations include updated interiors and major appliances, positioning the property as a move in ready asset with minimal deferred maintenance and strong in-place appeal to residents seeking quality affordable housing. The property offers a tenant-friendly amenity package, including individual apartment entrances, free on-site parking, water included in rent, and on-site trash removal. Residents benefit from a convenient location just 15 minutes from downtown Detroit, with easy access to major freeways and public bus line transportation, supporting consistent rental demand. With all units fully upgraded and utilities partially included, Hoover Street Apartments presents investors with a stabilized, low maintenance asset in a well connected Detroit submarket, offering durable cash flow and long term rental demand fundamentals