Kirkwood Apartments — Sale in Detroit, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Detroit, MI 48206

Photos

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Investment Figures

Cap rate
9.02%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present The Kirkwood Apartments, a recently renovated multifamily community located at 1400 Seward Street in Detroit. Situated in the city’s North End, the property offers convenient access to major employers including Henry Ford Health, as well as nearby freeways and key transportation corridors throughout the Detroit metro area. The property features spacious two and three bedroom apartment homes, providing an attractive and affordable housing option for a wide range of tenants. Units have been recently updated with renovated kitchens and bathrooms, new appliances, and fresh flooring, creating clean and functional living spaces. Each unit also includes two off street parking spaces, a highly desirable amenity in the submarket. Residents benefit from central heating and cooling, ample parking, and a practical layout designed for comfortable, everyday living. The property’s combination of larger unit sizes and value oriented positioning makes it well suited for workforce housing demand in the area. The Kirkwood Apartments present investors with the opportunity to acquire a renovated, cash-flowing asset in a strong rental corridor, with continued upside driven by Detroit’s ongoing neighborhood revitalization and proximity to major employment hubs. Investment Highlights: • Recently Renovated Kitchens, Bathrooms, and New Appliances • Fresh Flooring Throughout Each Unit • Conveniently Located in Detroit's North End, near Freeways and Key Transportation

Market Context

This multifamily in Detroit, MI is listed for sale. It is offered at an approximate 9.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Detroit, MI — view the full market.

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