Map of Property

Colonial Manor Apartments

For Sale

18045 & 18111 Lahser Road, Detroit, MI 48219

This Detroit property for sale is located at 18045 & 18111 Lahser Road. The current listed sale price for Colonial Manor Apartments is $3,000,000. Colonial Manor Apartments is situated on a lot that is 1.46 acre in size.

Contacts

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

(248) 226-1610

Property Details

  • Property Type Multi-Family
  • Property Size 30,229 SF
  • Units 49
  • Lot Size 1.46 Acre
  • Year Built 1963
  • Date Updated Mar 21, 2024
Discover the vibrant neighborhood surrounding the property in Detroit, MI. Located in a bustling area known for its commercial activity and dynamic business environment. Nearby, Detroit stands as a symbol of resilience, a city reborn and bustling with opportunities for exploration, making it an inviting destination for residents and visitors alike. With close proximity to major highways and just a short drive to downtown Detroit, the area is poised for growth and investment.Introducing a prime opportunity for Multifamily/Low-Rise/Garden investors in the Detroit area. This property features a substantial 30,229 SF building with 49 units, offering an excellent investment potential.

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Highlights

  • 30,229 SF building | 49-unit | Built 1963
  • 9.21% CAP Rate | $276,241 NOI
  • Zoned R3
  • Significant Value-Add Potential through Strategic Upgrades and Management Efficiencies
  • Diverse Unit Mix: A mix of 1, 2, & 3-bedroom units across two buildings, allowing for a diversified tenant base & flexibility in rental strategies
  • Community and Accessibility: The property's urban location ensures convenient access to local amenities, employment centers, and transportation networks, promoting a high quality of living for residents.

Getting around

  • 64/100

    Walk Score ®

  • 54/100

    Transit Score ®

  • 50/100

    Bike Score ®

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Location

  • City Detroit, MI
  • Neighborhood Redford
  • Zip Code 48219
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    3.69 miles

  • Royal Oak

    7.36 miles

  • Dearborn

    7.98 miles

  • Smith's Creek Depot Station

    8.01 miles

  • Walnut Grove Station

    8.10 miles

  • Firestone Station

    8.16 miles

  • Troy

    9.08 miles

  • Sunoco

    0.43 miles

  • Meijer

    0.59 miles

  • Marathon

    0.74 miles

  • Valero

    0.80 miles

  • Sunoco

    0.87 miles

  • Citgo

    0.89 miles

  • Sunoco

    0.90 miles

  • 76

    0.96 miles

  • Mobil

    1.04 miles

  • Citgo

    1.06 miles

  • Parking Lot D

    1.80 miles

  • Vistor Parking Lot B

    1.80 miles

  • Parking Lot C

    1.81 miles

  • Vistor Parking Lot A

    1.83 miles

  • Parking Lot E

    1.88 miles

  • Parking Lot G

    1.97 miles

  • Parking Lot H

    3.55 miles

  • Parking Lot G

    3.64 miles

  • Parking Lot A

    3.64 miles

  • Parking Lot E

    3.79 miles

  • Riviera Motel Detroit

    0.54 miles

  • Inn America

    2.28 miles

  • Cranbrook Inn

    3.33 miles

  • Royal Budget Inn

    3.41 miles

  • Park Drive Motel

    3.42 miles

  • Hilltop Motel

    3.74 miles

  • The Westin Southfield Detroit

    3.86 miles

  • Comfort Inn

    4.46 miles

  • Courtyard Detroit Southfield

    4.46 miles

  • Detroit Marriott Southfield

    4.47 miles

  • Glory Super Market

    1.10 miles

  • Evergreen Supply Company

    1.60 miles

  • Save-A-Lot

    1.61 miles

  • Redford Oaks

    1.83 miles

  • Redford Oaks

    1.93 miles

  • Royal Fresh Market

    2.16 miles

  • Spartan Foods

    2.21 miles

  • Aldi

    2.21 miles

  • 8 Mile Foodland

    2.25 miles

  • Value Center

    3.02 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

(248) 226-1610