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Jim Blehm

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

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725 Whitmore Rd , Detroit, MI 48203
$1,650,000
Est. Payment: $3,666.67/mo
0 Bed
66 Bath
0 Sqft
Status: Active | Days on site: 134
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House Description

A rare Detroit value-add apartment offering at 725 Whitmore, Detroit, MI 48203: a solid brick building with 66 units and the scale buy-and-hold investors look for when they want meaningful income potential and operational leverage. With the right rehab plan, this property is positioned to gross over $75,000 per month in rent, giving you room to build a durable cash-flowing asset at a basis that reflects the work still needed.The building totals 72 bedrooms and 66 bathrooms across approximately 48,000 sq ft, with a unit mix designed to serve broad rental demand: 48 one-bedroom units, 12 two-bedroom units, and 6 studios. Much of the heavy lifting has already started in key areas, including many newer egress windows and the replacement of many plumbing stacks, improvements that can help streamline the path from renovation to stabilized performance. The structure is there, the footprint is there, and the upside is there, this is a straightforward opportunity for an investor ready to bring a large building back to life.Set on a 22,000 sq ft lot, the property provides ample site area to support a full-scale repositioning effort and long-term operation. The brick construction speaks to longevity, and the combination of updated components already completed plus remaining interior work creates a clear value-add narrative: you are buying it at a price that reflects the condition, then capturing the spread as units are improved and income rises.Request details and schedule a showing to evaluate the unit mix, existing improvements, and the path to unlocking this 66-unit Detroit apartment’s rent potential.

Highlights

Listed by Rashad Elabed , 734-497-5558 JNA Real Estate , 248-648-0484.

Property Type

Multi-Family

Lot/Acreage
0.5

HOA Fee

Year Built

1926

County

Wayne

School District

Detroit

Listing ID

20261029484

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:66
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$3,667
Taxes
$1,834
HOA
$0

Home Price

$1,650,000

Loan Details

30 yrs
%

Down Payment

20%
$330,000
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Monthly Price:
$3,666.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,666.67 $1,833.92 $0.00 $5,500.58
Yearly $44,000.00 $22,007.00 $0.00 $66,007.00
Total $1,320,000.00 $660,210.00 $0.00 $1,980,210.00

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.