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
Baths16.0 Sq 20,250

Monthly Estimate*

$ 9,236

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Studio

Multi-Family Home for sale in Hazel Park, MI

for $1,500,000 with 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

Studio

Full Bath

16

Property Type

Multi-Family

Taxes

$ 43,337

Style

Lot Size

0.5

Year Built

2019

Town/City

Hazel Park

County/Region

Oakland

MLS | Web ID

61002059

Features
General
Heating Forced Air
Cooling Central A/C
Possession At Close
Water Public Water
Status Active Active
Full Baths 16
Half Baths 0
Bathrooms 16
Year Built 2019
Water Heater Gas
County Oakland
Class MULTIFAMILY
Type Multi-Family
Net Income 144708
Ownership Private
Municipality Hazel Park
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Hazel Park (63257)
Primary City Hazel Park
Directions Follow John R Rd and E Woodward Heights Blvd
City Hazel Park
School District Hazel Park City School District
Financial Terms Cash Conventional
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
DOM 0
Postal Code 48030
Price Per Sq Ft Total AG 74.07
Public Remarks 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
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Exterior
Exterior Brick
Exterior Amenities Patio Exterior Balcony
Frontage 136
Lot Size Area 0.5
Lot Dimensions 136x295
Roads Paved Street
Waterfront Y/N No
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Interior
Fireplace? No
Total Number of Units 8
Fuel Type Natural Gas
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* Excluded Features
List By
Joseph Rauti

Listing Agent

Century 21 Curran & Oberski

Broker

josephrautirealtor@gmail.com

Email

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
760526 Elementary School
759670 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 is a studio with 16.0 baths and was built in 2019. The property's zip code is 48030 which is in Hazel Park, MI