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Jim Blehm

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

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30 E Philadelphia St , Detroit, MI 48202
$6,900,000
Est. Payment: $15,333.33/mo
0 Bed
46 Bath
0 Sqft
Status: Active | Days on site: 129
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House Description

The Atrium Apartments presents a rare opportunity to acquire a fully renovated 44-unit multifamily asset in one of Detroit’s most dynamic and rapidly developing corridors. Located just off Woodward Avenue in the heart of the North End this grand four-story building blends historic character with modern upgrades and is positioned for strong long-term appreciation. The property features 44 thoughtfully designed units consisting of 18 studios, 22 one-bedroom units, and 4 two-bedroom units. The building showcases stylish apartments centered around a beautiful atrium with skylights, creating an inviting architectural focal point that enhances natural light and resident appeal. This offering also includes 8444 Woodward, a Woodward-facing parking lot with 18 dedicated parking spaces, in addition to ample street parking—an exceptional amenity along this major corridor. The property is located within a designated Opportunity Zone, adding potential long-term tax advantages for investors. 30 E Philadelphia has undergone a true infrastructure-up renovation, eliminating many of the common risks associated with older multifamily assets and remote ownership. All major systems are brand new, including electrical, plumbing, HVAC, fire suppression, new elevator, and fire alarm systems. Interiors feature modern kitchens with custom granite countertops, exposed brick accents, and luxury flooring, delivering a high-quality finish that competes with new construction. Amazing opportunity to capitalize on a turnkey asset. Ideally situated steps from Woodward Avenue and the QLINE, and within minutes of Wayne State University, the location offers walkability to restaurants, shops, and rapidly developing neighborhoods. 30 E Philadelphia stands as one of Detroit’s most compelling investment opportunities for buyers seeking a fully modernized asset in a prime, high-growth corridor.

Highlights

Listed by Fahad Sultan , 734-341-5900 Motown Property Management Inc , 734-341-5900.

Property Type

Multi-Family

Lot/Acreage
0.24

Year Built

1923

County

Wayne

School District

Detroit

Listing ID

20261010862

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:46
  • Full Bathrooms:
Air Cond:Wall Unit(s)
Fireplaces:
Water:Public

Exterior Features

Principal Interest
$15,333
Taxes
$689

Home Price

$6,900,000

Loan Details

30 yrs
%

Down Payment

20%
$1,380,000
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Monthly Price:
$15,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,333.33 $688.81 $0.00 $16,022.14
Yearly $184,000.00 $8,265.73 $0.00 $192,265.73
Total $5,520,000.00 $247,971.90 $0.00 $5,767,971.90

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.