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Multi-Family For Sale
18435 Hoover St
18435 Hoover St, Detroit, MI 48205
Property Details
Building Size
9,800 SF
Year Built
1957
Stories
2
Building Class
C
Zoning
R3
Parcel ID
17-0139814
Price
$789,000
Information deemed reliable but not guaranteed. Subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. See full disclaimer
Description
Sixteen (16) unit apartment complex for sale in Detroit, MI.
Location
Located on the west side of Hoover Rd, three blocks south of E Seven Mile Rd.
Highlights
- Sixteen (16) unit apartment building
- Well maintained brick building
- Value add through lease up and rent increases
- Twelve 1BR units; Four 2BR units
- Contact Broker for financials
- Motivated seller
Location
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Demographics
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| 1-Mile Radius | 3-Mile Radius | 5-Mile Radius | |
|---|---|---|---|
| Total Population | 15,172 | 119,756 | 355,594 |
| Total Households | 5,874 | 44,001 | 133,085 |
| Persons / Household | 2.58 | 2.69 | 2.64 |
| Avg. Household Income | $51,683 | $52,827 | $63,788 |
| Per-Capita Income | $21,082 | $20,825 | $25,014 |
| Avg. Home Value | $71,685 | $92,772 | $149,649 |
| Median Age | 34.3 | 34.1 | 35.4 |
Source: US Census Bureau ACS 2024 5-Year Estimates.
