Dexter & Ewald

For Sale

13700 Dexter Ave. & 1991 Ewald Cir., Detroit, MI 48238

This Detroit property for sale is located at 13700 Dexter Ave. & 1991 Ewald Cir..

Contacts

broker

Nick Kirby

(248) 394-0000 x 255

broker

Elmer Peysakhov

GREA

(248) 394-0000 x 256

Property Details

Global Real Estate Advisors are pleased to present the exclusive offering of Dexter & Ewald Apartments in Detroit, MI. Located in the nation’s Motor City, the properties are a collection of 16 units originally constructed between 1948 & 1949 and renovated in 2021/2022. This provides a buyer with value-add potential through rent raises, a few light unit upgrades and implementing a RUBS program on the property.   

Since acquiring the building in 2020, the owner has spent $160,000 on capital improvements. These include new cameras, security doors, unit upgrades, new appliances, common area and HVAC updates, including 5 new furnaces in the 13700 Dexter building. Significant plumbing repairs have been made to reduce the ongoing utility expense for the new owner by 35%. 

Eight of the 16 units have been substantially updated. For these units, rents have been increased from $500 to as high as $975. There is a significant opportunity for a new owner to either increase existing rents on unimproved units and / or invest another $50,000 -$60,000 in the unit updates in the unimproved units and significantly increase the rents by as much as 22% across the portfolio.

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Getting around

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  • 50/100

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  • 60/100

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Location

  • City Detroit, MI
  • Neighborhood Durfee
  • Zip Code 48238
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    3.22 miles

  • Grand Boulevard

    3.37 miles

  • Baltimore Street

    3.49 miles

  • Detroit

    3.52 miles

  • Amsterdam Street

    3.65 miles

  • Ferry Street

    3.98 miles

  • Warren Avenue

    4.22 miles

  • Canfield Street

    4.57 miles

  • Checker Cab #977

    4.89 miles

  • Mack Avenue

    4.95 miles

  • Shamrock

    0.26 miles

  • Clark

    0.26 miles

  • BP

    0.45 miles

  • Citgo

    0.47 miles

  • Gulf

    0.47 miles

  • Mobil

    0.49 miles

  • Citgo

    0.54 miles

  • Exxon

    0.56 miles

  • Sunoco

    0.60 miles

  • Valero

    0.66 miles

  • Student / Vistor Parking Lot D

    1.29 miles

  • Student / Vistor Parking Lot B

    1.32 miles

  • Faculty / Visitor Parking Lot C

    1.35 miles

  • Vistor Parking Lot B

    1.37 miles

  • Faculty / Staff Parking Lot E

    1.37 miles

  • Student Parking Lot I

    1.46 miles

  • Faculty / Staff Parking Lot A

    1.46 miles

  • Student Parking Lot H

    1.49 miles

  • Faculty / Staff Parking Lot H

    1.50 miles

  • Student / Vistor Parking Lot F

    1.58 miles

  • Fontaine Motel

    2.37 miles

  • Town Motel

    2.73 miles

  • Rio Grand Motel

    2.74 miles

  • Hotel St. Regis

    3.33 miles

  • Pinkinn Motel

    3.44 miles

  • Hamtramck Hotel & Hostel

    3.65 miles

  • The Inn on Ferry Street

    4.05 miles

  • Veteran's Park Hotel

    4.06 miles

  • Baymont by Wyndham Ferndale/Royal Oak

    4.19 miles

  • El Moore

    4.56 miles

  • Value Save Food Center

    0.36 miles

  • King Saver Foods

    0.47 miles

  • Food Farm Super Market

    1.10 miles

  • Dollar General

    1.76 miles

  • The Shops at Woodward Place

    1.95 miles

  • ALDI

    1.95 miles

  • Glory Supermarket

    2.11 miles

  • Savon Foods Supermarket

    2.14 miles

  • Grand Price Supermarket

    2.16 miles

  • Family Foods Superstore

    2.28 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 Dexter & Ewald