Warren Manor

• Prime Location in a thriving market: Acquire a 479-unit multifamily property strategically positioned within the dynamic Detroit suburb market in Warren, Michigan, offering investors access to a robust working-class demographic and rental growth potential.
• Desirable Unit mix & Amenities: The property features a well-balanced mix of one- and two-bedroom units with modern upgrades, including air conditioning, heating, and fully equipped kitchens, complemented by on-site amenities like a swimming pool, central laundry, and covered parking.
• Value-add opportunity with continued renovations: This well-maintained, two-story community on 30.72 acres presents significant value-add potential, with recent $5,000,000 in capital improvements to 205 units and exterior components, paving the way for further enhancements and faster turnover of vacant units.
• Immediate income stream: The property currently generates $454,350.81 in monthly income, providing investors with a strong in-place cash flow.
• Significant rental upside potential: Benefit from a projected 33% upside in rental income, offering an attractive return on investment between filling vacant units along with raising rents on units that are under market.
• Proximity to Major employment & Education: Located in Warren, a city with a diversified economy anchored by healthcare, retail, transportation, manufacturing, and growing professional services, driving consistent rental demand.
• Excellent connectivity and access: Enjoy seamless access to major highways (I-75, I-696, Woodward Ave) and proximity to neighboring cities like Detroit, Sterling Heights, and Madison Heights, plus nearby landmarks such as Belle Isle Park and the Detroit Zoo.
• Stability and long-term value: This offering delivers exceptional stability and long-term value in a high-demand multifamily market, ideal for various investment strategies, including 1031 Exchanges.