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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
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.
