List Search

1020-1060 Alter Rd
Detroit, MI 48215

$3,350,000 USD

Apartments For Sale  •  38,668 SF

Property Details

  • Property Type Apartments
  • Total Building Size 38,668 SF
  • Lot Size 0.68 AC
  • Building Class C
  • Year Built 1926
  • Cap Rate 10.66 %
  • Zoning B4
40 Transit Score
50 Walk Score

Highlights

Four historically preserved boutique apartment buildings with modern amenities.
Maintains 95% occupancy with a stable tenant base under a PILOT agreement.
Direct proximity to Grosse Pointe Park and major cultural institutions.
Located near Jefferson Avenue retail, dining, and public transit.
Opportunity Zone designation offering favorable tax treatment for investors.
Positioned within minutes of Downtown Detroit, Belle Isle, and major highways.
Cap Rate: 10.66 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Tenant Controlled HVAC
  • Heating
  • Laundry Service
  • Smoke Free
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Bicycle Storage
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
17 min - 8.8 mi
24 min - 9.6 mi
AirportDriveWalkDistance
Windsor International 38 min - 15.4 mi
Detroit Metro Wayne County 46 min - 29.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Bruce Lister 248-515-2785 Income Property Organization
Bruce Lister 248-515-2785 Income Property Organization