18250 Weaver Street
Detroit, MI 48228
- – beds
- 40 baths
- 19,557 sqft
- $127 per sqft
- 1969 build
- – on site
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.
Last checked:
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Last updated May 10, 2025
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MLS# 20250033930 —
The Building
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Year Built:1969
-
New Construction:false
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Construction Materials:Brick, BrickVeneer
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Architectural Style:Colonial
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Levels:Three
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Basement:false
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Foundation Details:Slab
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Above Grade Finished Area:19557.0
Interior
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Fireplace:false
Room Dimensions
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Living Area:19557.0
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Living Area Source:Assessor
Location
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Directions:head north on Southfield highway and north on weaver st
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Cross Street:chicago and southfied
The Property
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Parcel Number:W22I068255C61
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.89
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Lot Size Area:0.89
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Lot Size Dimensions:387x100
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Lot Size Units:Acres
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Zoning Description:Commercial,Multi-Family
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (248) 914-2025
- Office phone:
- (248) 422-6962
Taxes
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Tax 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
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Tax Assessed Value:601500
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Tax Annual Amount:48402.0
Baths
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Total Baths:40
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Full Baths:40
Heating & Cooling
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Heating:Electric, SpaceHeater
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Heating:false
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Cooling:false
Utilities
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Electric:UtilitySmartMeter
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Sewer:PublicSewer, SewerAtStreet
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Water Source:Community, WateratStreet
Schools
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High School District:Detroit
The Community
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Subdivision Name:EMERSON PARK (PLATS)
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Senior Community:false
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Pool Features:None
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Waterfront:false
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Pets Allowed:Call
Parking
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Attached Garage:false
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Parking Total:50.0
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Parking Features:ParkingLot, SharedDriveway
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/9/25
May 9, 2025
|
Listed / Active | REALCOMP | $2,499,000 |
