1241 E Woodward Heights Boulevard Hazel Park, MI $ 1,500,000
1241 E Woodward Heights Boulevard
$ 1,500,000
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1241 E Woodward Heights Boulevard

Hazel Park, MI, 48030
$ 1,500,000
Bedrooms8 Baths16.0 Sq 20,250

Monthly Estimate*

$ 9,236

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Multi-Family Home for sale in Hazel Park, MI

for $1,500,000 with 8 bedrooms and 16 full baths. This 20,250 square foot home was built in 2019 on a lot size of 0.5.

MAJOR PRICE REDUCTION OF $220,000! NOW OFFERED AT $1,500,000. Rare opportunity to acquire a stabilized 8 unit multifamily asset in Hazel Park, one of Metro Detroit's strongest rental submarkets. With deep tenant demand, low area vacancy, and a workforce housing profile that performs in every market cycle, this building is ideal for investors seeking dependable long term cash flow at a significantly improved basis. Portfolio buyers take note: the adjacent building will be coming to market soon, offering a chance to scale your position in this corridor with two assets side by side. The rent roll is supported by location: minutes from the I75 and I696 interchange, with major employment anchors nearby including the Amazon facility at 10 Mile and Dequindre, Corewell Health Royal Oak, the GM Tech Center in Warren, and downtown Detroit roughly 15 minutes south. Hazel Park's ongoing revitalization, including the growing restaurant and retail corridor along John R, continues to drive tenant demand and rent growth in the area. Residents are served by Hazel Park Schools including Webb Elementary, Hazel Park Junior High, and Hazel Park High School, plus parks, the recreation center, and the district library, amenities that support strong tenant retention and low turnover. Rent roll and financials available to qualified buyers. BATVAI

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Multi-Family Active

Price

$ 1,500,000

Bedrooms

8

Full Bath

16

Property Type

Multi-Family

Taxes

$ 43,337

Style

Townhouse

Lot Size

0.5

Year Built

2019

Town/City

Hazel Park

County/Region

Oakland

MLS | Web ID

20261044209

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Utilities AboveGroundUtilities
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Patio
Architectural Style Townhouse
Pool Features None
Construction Materials Brick
Exclusions Exclusion(s) Do Not Exist
Pets Allowed Yes
Year Built 2019
Electric Volts220 CircuitBreakers
Levels Two
Property Subtype MultiFamily
Community Features Sidewalks
County Oakland
Net Operating Income 144708.0
Operating Expense 52692.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N Y
Rent Includes Water
Full Baths 16
Status Active
Directions Follow John R Rd and E Woodward Heights Blvd
City HazelParkCity_Oakland
Disclosures ActualIncome ExclusionsDoNotExist TaxesNotHomesteadExempt
Senior Community Y/N N
High School District HazelPark
Zoning Description MultiFamily Residential
Number Of Units Total 8
MLS Area Area02257HazelPark
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 8
Land Lease Y/N N
Tax Annual Amount 43337.0
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 504130
Expected Active Date 2026-06-12
Legal Description T1N R11E SEC 25 PART OF NE 1/4 BEG AT PT DIST W 1950.30 FT FROM E 1/4 COR TH W 136 FT TH N 00-15-30 W 159.35 FT TH N 89-44-30 E 63.50 FT TH N 00-15-30 W 1.65 FT TH N 89-44-30 E 72.50 FT TH S
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Exterior
Exterior Amenities Balcony
Parking Features Garage ParkingLot
Water Source Public
Total Parking 10.0
Foundation Details Slab
Spa N
Lot Dimensions 136x295
Lot Size Acres 0.5
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 Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 20250.0
Half Baths 0
Laundry Features ElectricDryerHookup InUnit WasherHookup
Above Grade Finished Area Unit Type SquareFeet
Total Baths 16
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Internal Only
Street Number 1 1241
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* Excluded Features
List By
Joseph Rauti

Listing Agent

Century 21 Curran & Oberski

Broker

(313) 348-4004

Phone

Affordability Calculator

$12,847
Per Month
72%
28%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
$3,611
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4909273 Elementary School
4909339 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/12/2026$1,500,000 Listed Price

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1241 E Woodward Heights Boulevard, Hazel Park, MI, 48030 is a Multi-Family Home for sale at $1,500,000 with 20,250 sqft and a lot size of 0.5. 1241 E Woodward Heights Boulevard has 8 bedrooms, 16.0 baths, and was built in 2019. The property's zip code is 48030 which is in Hazel Park, MI