4470 E OUTER Drive, Detroit, MI 48234

$1,050,000

bedrooms

bathrooms

square feet

11,439

Acreage

0.3

Open Houses

year built

1956

Full Baths

Half Baths

Find out more

Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized with room yet to increase rents significantly without large capital expenditures. Two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. There is also a parking lot with plenty of parking for tenants. Overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. Offering memorandum, rent roll and P&L are available upon request.

Location
Subdivision	PATERSON BROS & CO OUTER DRIVE-VAN DYKE (PLATS)
County	Wayne
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 20250023974

Listing agent: Joseph Hammel

Listing broker: M77 Llc (248) 649-7200

Last update: Thursday, April 24 2025 at 7:36 p.m. EDT

Kotohomes National