138-Plex
23740 Fenkell St · Detroit, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 98°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- Condition / age +3.8/5.0
- Livability +3.7/5.0
- Rent growth +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$6,750,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 138 units. confirmed
5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.
Listing remarks MLS
Pilot Program accepted through the City of Detroit!! Well-maintained 138-unit brick apartment community located in a highly desirable area of Detroit, just off Telegraph Road on Fenkell Road. This stabilized asset consists of three buildings and is currently 98% occupied, offering strong in-place cash flow. The property operates at an attractive 10% cap rate with additional upside through modest rent increases. Seller has done numerous amounts of upgrades and remodeling to the property in the past couple of years. The community is gated and features laundry facilities in each building. Hallways and a majority of units have been updated, contributing to tenant appeal and reduced turnover costs. Major systems have been well cared for, including boilers in excellent condition and a brand-new flat roof. With no immediate capital expenditures required, this is a turnkey investment ideal for both first-time multifamily investors and seasoned buyers looking to expand their portfolio. Property has Certificate of Compliance good through 2027
Key facts
- Gated community
- Laundry facilities
- Updated units
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 138 × 1-bed/1-bath units multifamily listed at $6.75M. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $50k ($600k/yr) — positive. Per door: $362/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($122k rent vs $6.75M).
- Recommended offer: $5.94M (12.0% below list) — sets the bar for market timing.
- Cap rate 15.2% vs local median 10.0% in Detroit — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 73/100 on livability (#218 in MI) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
- Detroit Public Schools Community District (urban): math 10% / reading 24% proficiency, ranked #499 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Emerson Elementarymiddle School (519 students, 90% FRL); Henry Ford High School (math 24% / reading 24%, grade F, #481 of 713 statewide, top 81%, 712 students, 86% FRL) — zoned schools at 88% FRL track the district average.
- Market conditions: 161 active listings in the ZIP; lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- At $122,355/mo this rent would consume 3299% of the median local household income ($45k/yr) (locally 1151% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $47k of loan paydown is wiped out by about $202k of value loss. Plan a longer hold.
- Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (-3.0% appreciation + 3.0% rent growth), your $1.89M cash investment doubles in ~4 years — after that, you're playing with house money.
Negotiation context
- It's been on market 142 days — a 12% lower offer ($5.94M) is reasonable based on typical stale-listing flexibility.
- 26 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Questions for the listing agent
- It's been on market 142 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.81% ✓
- Cap rate
- 15.18%
- Cash-on-cash
- 31.75%
- DSCR
- 2.41
- GRM
- 4.6
CMA / ARV
No comps found within radius.
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- 26.7%
- Equity multiple
- 2.11×
- Total profit
- $2,093,393
- Equity at exit
- $1,006,447
- IRR
- 34.3%
- Equity multiple
- 4.14×
- Total profit
- $5,932,020
- Equity at exit
- $583,617
Cash invested: $1,890,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 62 Landlord-Friendly
- State Michigan
- 62 Landlord-Friendly · EVEN
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 48223
- Active inventory
- 161
- Price-to-rent
- 634.4×
Monthly cashflow live
- Estimated rent
- $122,355 medium interval (Pro) →
- Mortgage (P&I)
- −$35,398
- Tax est. 1.5%
- −$8,438 /mo · $101,250/yr
- Insurance
- −$2,812
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$25,695
- Net cashflow
- $50,013
Break-even live
Sensitivity live
| Price | -10% $54,677 | -5% $52,345 | +0% $50,013 | +5% $47,680 | +10% $45,348 |
|---|---|---|---|---|---|
| Rent | -10% $40,347 | -5% $45,180 | +0% $50,013 | +5% $54,846 | +10% $59,679 |
| Rate | -1.0pp $53,412 | -0.5pp $51,730 | base $50,013 | +0.5pp $48,264 | +1.0pp $46,484 |
138-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 138× units | 1 | 1 | $122,406 |
| #1 | 1 | 1 | $887 |
| #2 | 1 | 1 | $887 |
| #3 | 1 | 1 | $887 |
| #4 | 1 | 1 | $887 |
| #5 | 1 | 1 | $887 |
| #6 | 1 | 1 | $887 |
| #7 | 1 | 1 | $887 |
| #8 | 1 | 1 | $887 |
| #9 | 1 | 1 | $887 |
| #10 | 1 | 1 | $887 |
| #11 | 1 | 1 | $887 |
| #12 | 1 | 1 | $887 |
| #13 | 1 | 1 | $887 |
| #14 | 1 | 1 | $887 |
| #15 | 1 | 1 | $887 |
| #16 | 1 | 1 | $887 |
| #17 | 1 | 1 | $887 |
| #18 | 1 | 1 | $887 |
| #19 | 1 | 1 | $887 |
| #20 | 1 | 1 | $887 |
| #21 | 1 | 1 | $887 |
| #22 | 1 | 1 | $887 |
| #23 | 1 | 1 | $887 |
| #24 | 1 | 1 | $887 |
| #25 | 1 | 1 | $887 |
| #26 | 1 | 1 | $887 |
| #27 | 1 | 1 | $887 |
| #28 | 1 | 1 | $887 |
| #29 | 1 | 1 | $887 |
| #30 | 1 | 1 | $887 |
| #31 | 1 | 1 | $887 |
| #32 | 1 | 1 | $887 |
| #33 | 1 | 1 | $887 |
| #34 | 1 | 1 | $887 |
| #35 | 1 | 1 | $887 |
| #36 | 1 | 1 | $887 |
| #37 | 1 | 1 | $887 |
| #38 | 1 | 1 | $887 |
| #39 | 1 | 1 | $887 |
| #40 | 1 | 1 | $887 |
| #41 | 1 | 1 | $887 |
| #42 | 1 | 1 | $887 |
| #43 | 1 | 1 | $887 |
| #44 | 1 | 1 | $887 |
| #45 | 1 | 1 | $887 |
| #46 | 1 | 1 | $887 |
| #47 | 1 | 1 | $887 |
| #48 | 1 | 1 | $887 |
| #49 | 1 | 1 | $887 |
| #50 | 1 | 1 | $887 |
| #51 | 1 | 1 | $887 |
| #52 | 1 | 1 | $887 |
| #53 | 1 | 1 | $887 |
| #54 | 1 | 1 | $887 |
| #55 | 1 | 1 | $887 |
| #56 | 1 | 1 | $887 |
| #57 | 1 | 1 | $887 |
| #58 | 1 | 1 | $887 |
| #59 | 1 | 1 | $887 |
| #60 | 1 | 1 | $887 |
| #61 | 1 | 1 | $887 |
| #62 | 1 | 1 | $887 |
| #63 | 1 | 1 | $887 |
| #64 | 1 | 1 | $887 |
| #65 | 1 | 1 | $887 |
| #66 | 1 | 1 | $887 |
| #67 | 1 | 1 | $887 |
| #68 | 1 | 1 | $887 |
| #69 | 1 | 1 | $887 |
| #70 | 1 | 1 | $887 |
| #71 | 1 | 1 | $887 |
| #72 | 1 | 1 | $887 |
| #73 | 1 | 1 | $887 |
| #74 | 1 | 1 | $887 |
| #75 | 1 | 1 | $887 |
| #76 | 1 | 1 | $887 |
| #77 | 1 | 1 | $887 |
| #78 | 1 | 1 | $887 |
| #79 | 1 | 1 | $887 |
| #80 | 1 | 1 | $887 |
| #81 | 1 | 1 | $887 |
| #82 | 1 | 1 | $887 |
| #83 | 1 | 1 | $887 |
| #84 | 1 | 1 | $887 |
| #85 | 1 | 1 | $887 |
| #86 | 1 | 1 | $887 |
| #87 | 1 | 1 | $887 |
| #88 | 1 | 1 | $887 |
| #89 | 1 | 1 | $887 |
| #90 | 1 | 1 | $887 |
| #91 | 1 | 1 | $887 |
| #92 | 1 | 1 | $887 |
| #93 | 1 | 1 | $887 |
| #94 | 1 | 1 | $887 |
| #95 | 1 | 1 | $887 |
| #96 | 1 | 1 | $887 |
| #97 | 1 | 1 | $887 |
| #98 | 1 | 1 | $887 |
| #99 | 1 | 1 | $887 |
| #100 | 1 | 1 | $887 |
| #101 | 1 | 1 | $887 |
| #102 | 1 | 1 | $887 |
| #103 | 1 | 1 | $887 |
| #104 | 1 | 1 | $887 |
| #105 | 1 | 1 | $887 |
| #106 | 1 | 1 | $887 |
| #107 | 1 | 1 | $887 |
| #108 | 1 | 1 | $887 |
| #109 | 1 | 1 | $887 |
| #110 | 1 | 1 | $887 |
| #111 | 1 | 1 | $887 |
| #112 | 1 | 1 | $887 |
| #113 | 1 | 1 | $887 |
| #114 | 1 | 1 | $887 |
| #115 | 1 | 1 | $887 |
| #116 | 1 | 1 | $887 |
| #117 | 1 | 1 | $887 |
| #118 | 1 | 1 | $887 |
| #119 | 1 | 1 | $887 |
| #120 | 1 | 1 | $887 |
| #121 | 1 | 1 | $887 |
| #122 | 1 | 1 | $887 |
| #123 | 1 | 1 | $887 |
| #124 | 1 | 1 | $887 |
| #125 | 1 | 1 | $887 |
| #126 | 1 | 1 | $887 |
| #127 | 1 | 1 | $887 |
| #128 | 1 | 1 | $887 |
| #129 | 1 | 1 | $887 |
| #130 | 1 | 1 | $887 |
| #131 | 1 | 1 | $887 |
| #132 | 1 | 1 | $887 |
| #133 | 1 | 1 | $887 |
| #134 | 1 | 1 | $887 |
| #135 | 1 | 1 | $887 |
| #136 | 1 | 1 | $887 |
| #137 | 1 | 1 | $887 |
| #138 | 1 | 1 | $887 |
| Total (138 units) | $122,355 | ||
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $1,687,500
- Closing costs
- $202,500
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Listing history 50 events
-
2026-06-18days on market $6,750,000 Active 142 DOM
-
2026-06-17days on market $6,750,000 Active 141 DOM
-
2026-06-15days on market $6,750,000 Active 139 DOM
-
2026-06-13days on market $6,750,000 Active 137 DOM
-
2026-06-13days on market $6,750,000 Active 136 DOM
-
2026-06-09days on market $6,750,000 Active 133 DOM
-
2026-06-08days on market $6,750,000 Active 132 DOM
-
2026-06-07days on market $6,750,000 Active 131 DOM
-
2026-06-04days on market $6,750,000 Active 128 DOM
-
2026-06-03days on market $6,750,000 Active 127 DOM
-
2026-06-01days on market $6,750,000 Active 125 DOM
-
2026-05-31days on market $6,750,000 Active 124 DOM
-
2026-03-06price $6,750,000 1048-char remark
Show marketing remark (1048 chars)
Pilot Program accepted through the City of Detroit!! Well-maintained 138-unit brick apartment community located in a highly desirable area of Detroit, just off Telegraph Road on Fenkell Road. This stabilized asset consists of three buildings and is currently 98% occupied, offering strong in-place cash flow. The property operates at an attractive 10% cap rate with additional upside through modest rent increases. Seller has done numerous amounts of upgrades and remodeling to the property in the past couple of years. The community is gated and features laundry facilities in each building. Hallways and a majority of units have been updated, contributing to tenant appeal and reduced turnover costs. Major systems have been well cared for, including boilers in excellent condition and a brand-new flat roof. With no immediate capital expenditures required, this is a turnkey investment ideal for both first-time multifamily investors and seasoned buyers looking to expand their portfolio. Property has Certificate of Compliance good through 2027
-
2026-03-05price $6,750,000 1048-char remark
Show marketing remark (1048 chars)
Pilot Program accepted through the City of Detroit!! Well-maintained 138-unit brick apartment community located in a highly desirable area of Detroit, just off Telegraph Road on Fenkell Road. This stabilized asset consists of three buildings and is currently 98% occupied, offering strong in-place cash flow. The property operates at an attractive 10% cap rate with additional upside through modest rent increases. Seller has done numerous amounts of upgrades and remodeling to the property in the past couple of years. The community is gated and features laundry facilities in each building. Hallways and a majority of units have been updated, contributing to tenant appeal and reduced turnover costs. Major systems have been well cared for, including boilers in excellent condition and a brand-new flat roof. With no immediate capital expenditures required, this is a turnkey investment ideal for both first-time multifamily investors and seasoned buyers looking to expand their portfolio. Property has Certificate of Compliance good through 2027
-
2026-01-27$7,000,000 Active 1048-char remark
Show marketing remark (1048 chars)
Pilot Program accepted through the City of Detroit!! Well-maintained 138-unit brick apartment community located in a highly desirable area of Detroit, just off Telegraph Road on Fenkell Road. This stabilized asset consists of three buildings and is currently 98% occupied, offering strong in-place cash flow. The property operates at an attractive 10% cap rate with additional upside through modest rent increases. Seller has done numerous amounts of upgrades and remodeling to the property in the past couple of years. The community is gated and features laundry facilities in each building. Hallways and a majority of units have been updated, contributing to tenant appeal and reduced turnover costs. Major systems have been well cared for, including boilers in excellent condition and a brand-new flat roof. With no immediate capital expenditures required, this is a turnkey investment ideal for both first-time multifamily investors and seasoned buyers looking to expand their portfolio. Property has Certificate of Compliance good through 2027
-
2026-01-27$7,000,000 Active 1048-char remark
Show marketing remark (1048 chars)
Pilot Program accepted through the City of Detroit!! Well-maintained 138-unit brick apartment community located in a highly desirable area of Detroit, just off Telegraph Road on Fenkell Road. This stabilized asset consists of three buildings and is currently 98% occupied, offering strong in-place cash flow. The property operates at an attractive 10% cap rate with additional upside through modest rent increases. Seller has done numerous amounts of upgrades and remodeling to the property in the past couple of years. The community is gated and features laundry facilities in each building. Hallways and a majority of units have been updated, contributing to tenant appeal and reduced turnover costs. Major systems have been well cared for, including boilers in excellent condition and a brand-new flat roof. With no immediate capital expenditures required, this is a turnkey investment ideal for both first-time multifamily investors and seasoned buyers looking to expand their portfolio. Property has Certificate of Compliance good through 2027
-
2025-04-04historical $850
-
2025-04-04historical $850
-
2025-04-02$850
-
2025-04-02$850
-
2025-03-04historical $850
-
2025-03-04historical $850
-
2025-03-01$850
-
2025-03-01$850
-
2025-02-05historical $850
-
2025-02-05historical $850
-
2025-02-02$850
-
2025-02-02$850
-
2024-12-09historical $850
-
2024-11-24$850
-
2024-11-06historical $850
-
2024-11-06historical $850
-
2024-11-06$850
-
2024-10-09$750
-
2024-10-03historical $750
-
2024-09-21$750
-
2024-09-05historical $750
-
2024-09-05historical $750
-
2024-09-04$750
-
2024-09-04$750
-
2024-08-05historical $750
-
2024-08-05historical $750
-
2024-08-04$750
-
2024-08-04$750
-
2024-07-28historical $750
-
2024-07-28historical $750
-
2024-07-28$750
-
2024-07-28$750
-
2024-07-02historical $750
-
2024-07-02historical $750
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $1,468,260
- − Mortgage interest
- −$378,105
- − Property taxes
- −$101,250
- − Insurance
- −$33,750
- − Repairs & maintenance
- −$117,461
- − Management
- −$117,461
- − Depreciation
- −$196,364
- Taxable income
- $523,870
- Est. tax owed @ 24.0%
- −$125,729
- After-tax cash flow
- $474,424/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 13 photos
This multi-family property is in good condition with a good condition score of 75. It has a cosmetic rehab level and requires minor maintenance and repairs. The highest-ROI updates would be painting the exterior, cleaning gutters, replacing HVAC units, and landscaping improvements.
Value-add opportunities
- Both Paint exterior — Enhances curb appeal and property value
- Both Clean gutters — Improves drainage and property value
- Both Replace HVAC units — Improves comfort and energy efficiency
- Both Landscaping improvements — Enhances curb appeal and property value
Renovation cost estimate screening
Value-add ROI direction
- Both Paint exterior — Enhances curb appeal and property value ↑
- Both Clean gutters — Improves drainage and property value ↑
- Both Replace HVAC units — Improves comfort and energy efficiency ↑
- Both Landscaping improvements — Enhances curb appeal and property value ↑
ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.
Schools (NCES district)
- District
- Detroit Public Schools Community District
- NCES district ID
- 2601103
- Math proficiency
- 10% ▼ -2.00%
- Reading proficiency
- 24% ▲ 6.00%
- Median HH income
- $25,815
- Composite
- 13.06/100
- National rank
- #9564
- State rank
- #499 of 540 in MI
Livability — Detroit
- Score
- 73/100
- State rank
- #218
- US rank
- #5427
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Detroit, MI
- County
- Wayne County · 1,562,939 people
- City population
- 572,865
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 22,622
- Household income
- $44,512
- Rent vs Own
- Severe rent burden
- 1151.0
Population outlook (Wayne County) Hauer SSP2
- Today (2025)
- 1,675,273 people
- By 2030
- 1,620,300 · -3.3%
- By 2040
- 1,502,341 · -10.3%
- By 2050
- 1,384,039 · -17.4%
- By 2075
- 1,124,592 · -32.9%
- By 2100
- 881,193 · -47.4%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Black (86%)
- Race & ethnicity
- Black 86% White 7% Two or more races 5% Hispanic / Latino 2%
- Common ancestry
- Romanian 1% Iranian 1%
- Foreign-born
- 1% · Canada
- Languages at home
- 97% English-only · Spanish 2%
Political lean MEDSL · Wayne
- 2024 margin
- Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
- 2008→2024 swing
- -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
- All cycles
- 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -303.41%
- Current HPI
- 138.2779
- Rent YoY
- —
- Metro
- Detroit-Warren-Dearborn, MI
- State GDP YoY
- ▲ 1.37%
- F500 in state
- 28
Industry mix (Fortune 500 HQ in MI)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Automotive Parts | 3 | $48B |
|
||
| Automotive | 2 | $372B |
|
||
| Chemicals | 1 | $45B |
|
||
| Automotive Retail | 1 | $29B |
|
||
| Healthcare / Medical Devices | 1 | $23B |
|
||
| Automotive Technology | 1 | $20B |
|
||
Price history
-3.6% since first listed52 events — show timeline
- 2026-03-06 Price Changed $6,750,000 MiRealSource-MiMLS
- 2026-03-05 Price Changed $6,750,000 REALCOMP
- 2026-01-27 Listed $7,000,000 REALCOMP
- 2026-01-27 Listed $7,000,000 MiRealSource-MiMLS
- 2025-04-04 Rental Removed $850 APPFOLIO
- 2025-04-04 Rental Removed $850 APPFOLIO
- 2025-04-02 Listed for Rent $850 APPFOLIO
- 2025-04-02 Listed for Rent $850 APPFOLIO
- 2025-03-04 Rental Removed $850 APPFOLIO
- 2025-03-04 Rental Removed $850 APPFOLIO
- 2025-03-01 Listed for Rent $850 APPFOLIO
- 2025-03-01 Listed for Rent $850 APPFOLIO
- 2025-02-05 Rental Removed $850 APPFOLIO
- 2025-02-05 Rental Removed $850 APPFOLIO
- 2025-02-02 Listed for Rent $850 APPFOLIO
- 2025-02-02 Listed for Rent $850 APPFOLIO
- 2024-12-09 Rental Removed $850 APPFOLIO
- 2024-11-24 Listed for Rent $850 APPFOLIO
- 2024-11-06 Rental Removed $850 APPFOLIO
- 2024-11-06 Rental Removed $850 APPFOLIO
- 2024-11-06 Listed for Rent $850 APPFOLIO
- 2024-10-09 Listed for Rent $750 APPFOLIO
- 2024-10-03 Rental Removed $750 APPFOLIO
- 2024-09-21 Listed for Rent $750 APPFOLIO
- 2024-09-05 Rental Removed $750 APPFOLIO
- 2024-09-05 Rental Removed $750 APPFOLIO
- 2024-09-04 Listed for Rent $750 APPFOLIO
- 2024-09-04 Listed for Rent $750 APPFOLIO
- 2024-08-05 Rental Removed $750 APPFOLIO
- 2024-08-05 Rental Removed $750 APPFOLIO
- 2024-08-04 Listed for Rent $750 APPFOLIO
- 2024-08-04 Listed for Rent $750 APPFOLIO
- 2024-07-28 Rental Removed $750 APPFOLIO
- 2024-07-28 Rental Removed $750 APPFOLIO
- 2024-07-28 Listed for Rent $750 APPFOLIO
- 2024-07-28 Listed for Rent $750 APPFOLIO
- 2024-07-02 Rental Removed $750 APPFOLIO
- 2024-07-02 Rental Removed $750 APPFOLIO
- 2024-07-02 Listed for Rent $750 APPFOLIO
- 2024-07-02 Listed for Rent $750 APPFOLIO
- 2024-06-22 Rental Removed $750 APPFOLIO
- 2024-06-22 Rental Removed $750 APPFOLIO
- 2024-06-22 Listed for Rent $750 APPFOLIO
- 2024-06-19 Listed for Rent $750 APPFOLIO
- 2024-05-25 Rental Removed $750 APPFOLIO
- 2024-05-25 Rental Removed $750 APPFOLIO
- 2024-05-25 Listed for Rent $750 APPFOLIO
- 2024-05-12 Listed for Rent $750 APPFOLIO
- 2024-05-10 Rental Removed $600 APPFOLIO
- 2024-05-07 Listed for Rent $600 APPFOLIO
- 2024-05-02 Rental Removed $600 APPFOLIO
- 2024-04-24 Listed for Rent $600 APPFOLIO
Cash-flow waterfall
monthlySold comps — $/sqft
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