Investment Overview

The Helen Apartments presents a rare opportunity to acquire a 14-unit multifamily asset in Detroit's highly sought-after Morningside neighborhood, directly bordering Grosse Pointe. Situated in a stable and improving residential corridor, the property offers investors immediate value-add potential through the lease-up of five vacant units, creating a clear path to increased occupancy, higher cash flow, and enhanced asset value. The property has benefited from significant capital improvements, including newer mechanical systems and a roof that is less than five years old, reducing near-term capital expenditure requirements. Additionally, the asset features a dedicated resident parking lot, a highly desirable amenity that supports tenant retention and marketability. With strong in-place income, operational upside through lease-up, and a location adjacent to one of Metro Detroit's most desirable communities, The Helen Apartments offers an attractive combination of current cash flow and future growth potential. Offered at $975,000.