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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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19131 Lahser Rd , Detroit, MI 48219
$900,000
Est. Payment: $2,000.00/mo
0 Bed
16 Bath
0 Sqft
Status: Active | Days on site: 77
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43149710 - 400563
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House Description

Strong multifamily investment opportunity! This 16-unit apartment building offers immediate income with 12 units currently occupied, providing solid cash flow from day one. The remaining vacant units present clear upside for increased revenue through lease-up, rent optimization, and value-add improvements over time.Well-positioned on Lahser Road, the property offers convenient access to major freeways, public transportation, shopping, schools, and everyday amenities—helping support consistent tenant demand. This location makes it attractive for both long-term renters and investors focused on stable occupancy.Ideal for both seasoned and first-time multifamily investors, this asset provides multiple strategies to increase value, whether through improving operations, raising occupancy, or repositioning the property within the market. With strong in-place income and additional upside potential, this is a great opportunity to expand or strengthen your investment portfolio.

Highlights

Listed by Katie Wheeler , 313-627-1819 Match Realty , 313-482-7432.

Property Type

Multi-Family

Lot/Acreage
0.35

Year Built

1963

County

Wayne

School District

Detroit

Listing ID

20261050178

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:16
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$2,000
Taxes
$3,465

Home Price

$900,000

Loan Details

30 yrs
%

Down Payment

20%
$180,000
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Monthly Price:
$2,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,000.00 $3,464.67 $0.00 $5,464.67
Yearly $24,000.00 $41,576.00 $0.00 $65,576.00
Total $720,000.00 $1,247,280.00 $0.00 $1,967,280.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.