Map of Property

Colonial Manor Apartments

18045 & 18111 Lahser Road, Detroit, MI 48219

  • For Sale $3,000,000
  • Property Type Multi-Family
  • Property Size 30,229 SF
  • Units 49
  • Lot Size 1.46 Acre
  • Year Built 1963
  • Date Updated Mar 21, 2024
Discover the vibrant neighborhood surrounding the property in Detroit, MI. Located in a bustling area known for its commercial activity and dynamic business environment. Nearby, Detroit stands as a symbol of resilience, a city reborn and bustling with opportunities for exploration, making it an inviting destination for residents and visitors alike. With close proximity to major highways and just a short drive to downtown Detroit, the area is poised for growth and investment.Introducing a prime opportunity for Multifamily/Low-Rise/Garden investors in the Detroit area. This property features a substantial 30,229 SF building with 49 units, offering an excellent investment potential.

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Highlights

  • 30,229 SF building | 49-unit | Built 1963
  • 9.21% CAP Rate | $276,241 NOI
  • Zoned R3
  • Significant Value-Add Potential through Strategic Upgrades and Management Efficiencies
  • Diverse Unit Mix: A mix of 1, 2, & 3-bedroom units across two buildings, allowing for a diversified tenant base & flexibility in rental strategies
  • Community and Accessibility: The property's urban location ensures convenient access to local amenities, employment centers, and transportation networks, promoting a high quality of living for residents.

Contacts

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

(248) 226-1610

Location

Getting Around

  • Walk Score ®

    64/100 Somewhat Walkable

  • Transit Score ®

    54/100 Good Transit

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Redford
  • Zip Code 48219
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    3.69 miles

  • Royal Oak

    7.36 miles

  • Dearborn

    7.98 miles

  • Smith's Creek Depot Station

    8.01 miles

  • Walnut Grove Station

    8.10 miles

  • Firestone Station

    8.16 miles

  • Troy

    9.08 miles

  • Sunoco

    0.43 miles

  • Meijer

    0.59 miles

  • Marathon

    0.74 miles

  • Valero

    0.80 miles

  • Sunoco

    0.87 miles

  • Citgo

    0.89 miles

  • Sunoco

    0.90 miles

  • 76

    0.96 miles

  • Mobil

    1.04 miles

  • Citgo

    1.06 miles

  • Parking Lot D

    1.80 miles

  • Vistor Parking Lot B

    1.80 miles

  • Parking Lot C

    1.81 miles

  • Vistor Parking Lot A

    1.83 miles

  • Parking Lot E

    1.88 miles

  • Parking Lot G

    1.97 miles

  • Parking Lot H

    3.55 miles

  • Parking Lot G

    3.64 miles

  • Parking Lot A

    3.64 miles

  • Parking Lot E

    3.79 miles

  • Riviera Motel Detroit

    0.54 miles

  • Inn America

    2.28 miles

  • Cranbrook Inn

    3.33 miles

  • Royal Budget Inn

    3.41 miles

  • Park Drive Motel

    3.42 miles

  • Hilltop Motel

    3.74 miles

  • The Westin Southfield Detroit

    3.86 miles

  • Comfort Inn

    4.46 miles

  • Courtyard Detroit Southfield

    4.46 miles

  • Detroit Marriott Southfield

    4.47 miles

  • Wendy's

    0.24 miles

  • KFC

    0.28 miles

  • Nicky D's Coney Island

    0.29 miles

  • McDonald's

    0.36 miles

  • Burger King

    0.57 miles

  • J's Cafe

    0.84 miles

  • Aurora Coney Island

    0.93 miles

  • Demi's Restaurant & Bar

    1.16 miles

  • Church's Chicken

    1.20 miles

  • Hollywood Coney Island

    1.23 miles

  • Old Redford Academy Elementary School

    0.35 miles

  • Old Redford Academy Middle School

    0.42 miles

  • Detroit Service Learning Academy

    0.51 miles

  • Development Centers Head Start

    0.63 miles

  • Northwest Detroit Cooperative School

    0.73 miles

  • Charles Wright Academy of Arts and Science

    0.95 miles

  • Ludington Magnet Middle and Honors School

    1.13 miles

  • Lodge Elementary School (former)

    1.15 miles

  • Madison-Carver Academy

    1.16 miles

  • Here's Hope Christian School

    1.20 miles

  • Old Redford Pre-Kindergarten Academy

    0.35 miles

  • Academy of Detroit-West

    2.53 miles

  • Creative Learning Children's College

    3.24 miles

  • Allen Baptist Childcare & Development Center

    3.43 miles

  • Helping Hands child care

    3.46 miles

  • Hampton Church Child Care Center

    3.56 miles

  • Tott's Early Learning Center

    4.05 miles

  • New West Side Head Start

    4.06 miles

  • Sunnybrook Day Nursery

    5.50 miles

  • God's Little Schoolhouse

    5.59 miles

Frequently Asked Questions

What is the lease rate for Colonial Manor Apartments?

Rental asking rate at Colonial Manor Apartments is $1,500,000.00/YR.

What is the total square footage of Colonial Manor Apartments?

Colonial Manor Apartments totals 30,229 square feet.

When was this property built?

Colonial Manor Apartments was built in 1963.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

(248) 226-1610