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

Studio 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.

Multi-Family Active

Price

^$ 2,650,000

Bedrooms

Studio

Full Bath

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

60393095

Features

General

Heating Electric Heat Space Heater

Possession At Close

Water Public Water at Street Community

Status Active Active

Full Baths 40

Half Baths 0

Bathrooms 40

Year Built 1969

Subdivision EMERSON PARK (PLATS) MI

Style Colonial

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 411000

Ownership Private

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions head north on Southfield highway and north on weaver st

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

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

DOM 81

Postal Code 48228

Price Per Sq Ft Total AG 135.5

Public Remarks

Exterior

Exterior Brick

Frontage 0

Lot Size Area 0.89

Lot Dimensions 387x100

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 40

Fuel Type Electric

* Excluded Features

List By

Lila Mircholi

Listing Agent

Golden Key Realty Group Llc

Broker

lilamircholi@yahoo.com

Affordability Calculator

$20,566

Per Month

Monthly Principal & Interest: $16,533
Monthly Property Taxes: $4,034
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$237,392

Percent of Sale Price 91%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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18250 WEAVER Street

Multi-Family Home for sale in Detroit, MI

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