18250 WEAVER Street Detroit, MI $ 2,650,000
18250 WEAVER Street
$ 2,650,000
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18250 WEAVER Street

Detroit, MI, 48228
$ 2,650,000
Baths40.0 Sq 19,557

Monthly Estimate*

$ 16,533

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Studio

Multi-Family Home for sale in Detroit, MI

for $2,650,000 with 40 full baths. This 19,557 square foot home was built in 1969 on a lot size of 0.89.

EXCEPTIONAL INVESTMENT Turnkey 40-Unit Multifamily ...FULLY OCCUPIED Opportunity | TOP Cap Rate Potential | Prime Detroit Location Fully remodeled 40-unit multifamily asset ideally located in the heart of Detroit, just minutes from major shopping districts and directly adjacent to the highly sought-after Dearborn Heights community. This property has undergone a full transformation—modernized units, updated mechanicals, and refreshed common areas—making it a truly turnkey opportunity. Seller is ready to hand off this high-yield investment to a new owner ready to capitalize on rising demand and long-term wealth creation through lease-up and management.

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Multi-Family Active

Price

$ 2,650,000

Bedrooms

Studio

Full Bath

40

Property Type

Multi-Family

Taxes

$ 48,402

Style

Colonial

Lot Size

0.89

Year Built

1969

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20250033930

Features
General
Sewer PublicSewer SewerAtStreet
Heating Electric SpaceHeater
Possession AtClose
Architectural Style Colonial
Pool Features None
Construction Materials Brick BrickVeneer
Pets Allowed Call
Year Built 1969
Electric UtilitySmartMeter
Levels Three
Property Subtype MultiFamily
County Wayne
Net Operating Income 411000.0
Operating Expense 69000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name EMERSON PARK (PLATS)
Garage Y/N N
Rent Includes MaintenanceOnSite Sewer SnowRemoval TrashCollection Water YardMaintenance
Full Baths 40
Status Active
Directions head north on Southfield highway and north on weaver st
City DetroitCity_Wayne
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial MultiFamily
Number Of Units Total 40
MLS Area Area05034DetJoySchoolcraftGrnfldLimits
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 6
Land Lease Y/N N
Tax Annual Amount 48402.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 601500
TaxOtherAnnualAssessmentAmount 100.0
Expected Active Date 2025-05-09
Legal Description N E WEAVER 291 THRU 296 AND VAC ALLEYS ADJ ALSO THAT PT VAC PORTION ROSEMONT AVE ADJ EMERSON PARK SUB L55 P45 PLATS W C R 22/322 38 751 SQ FT
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Exterior
Parking Features ParkingLot SharedDriveway
Water Source Community WateratStreet
Total Parking 50.0
Lot Size Area 0.89
Foundation Details Slab
Spa N
Lot Dimensions 387x100
Lot Size Acres 0.89
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 19557.0
Half Baths 0
Total Baths 40
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Internal Only
Street Number 1 18250
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* Excluded Features
List By
Lila Mircholi

Listing Agent

Golden Key Realty Group Llc

Broker

(248) 914-2025

Phone

Affordability Calculator

$20,566
Per Month
80%
20%
0%
Monthly Principal & Interest
$16,533
Monthly Property Taxes
$4,034
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/10/2025$2,499,000 Listed Price

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18250 WEAVER Street, Detroit, MI, 48228 is a Multi-Family Home for sale at $2,650,000 with 19,557 sqft and a lot size of 0.89. 18250 WEAVER Street is a studio with 40.0 baths and was built in 1969. The property's zip code is 48228 which is in Detroit, MI