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Nailah Commons

$11,000,000

710 East Ferry Street, Detroit, MI 48202

Active
Last Updated: 06/19/2025

7.58

Cap Rate

39,844 sqft

Building Size

Details:
Cap Rate:    7.58%
Building Size:    39,844 sqft
Lot Area:    1.92 acres
Units:    58
Occupancy:    92%
Year Built:    2017
Zoning:    R-3
Floors:    2
Description:

EXECUTIVE SUMMARY

Rare Investment Opportunity in Midtown Detroit’s Cultural Arts District – Nearly 100% Occupancy!
Introducing one of Detroit’s most exciting investment opportunities—a meticulously maintained property in the heart of Midtown Detroit’s thriving Cultural Arts District. Just steps from the world-renowned Detroit Institute of Arts, University Prep, and the College for Creative Studies, this property stands at the crossroads of culture, academia, and economic growth.
Unmatched Investment Stability with Long-Term Tax Benefits
This development is among the first in Detroit to be accepted for the new PILOT program, ensuring stabilized property taxes for at least 15 years, with options to extend. The existing PA 210 tax abatement is in place providing substantial tax savings. Upon its expiration,the property has already been designated as eligable for the PILOT Program offering a significant financial advantage for investors seeking predictable long-term expenses.
Why Build When You Can Invest in Proven Success?
With construction costs at an all-time high, there’s no need to take on the uncertainty of new development. This newer construction property has been expertly maintained, offering immediate cash flow and a rare opportunity for sustained profitability.
Investment Highlights:
- Nearly 100% occupancy, demonstrating strong tenant - in Detroit’s booming Midtown market.
- Assumable $7 million loan at 4.25% fixed interest over 15 years, with interest-only payments, ensuring maximum financial viability.
- A desirable mix of one- and two-bedroom units, each with 1.5 baths, thoughtfully designed for modern renters seeking comfort and convenience.
- Updated financials readily available, offering full transparency for investors to make informed decisions.
A Secure, High-Value Investment in One of Detroit’s Most Coveted Locations
Midtown Detroit is experiencing unprecedented demand for quality housing, fueled by its dynamic cultural scene, strong educational institutions, and economic resurgence.
Don’t miss the chance to capitalize on this rare opportunity—secure your stake in Detroit’s thriving real estate market today!
https://drive.google.com/file/d/1zRcBmTpGqt7DJxiH1CsdtAzjpHZC7279/view?ts=658c6873
https://www.nailahllc.com/

Don’t miss the chance to capitalize on this rare opportunity—secure your stake in Detroit’s thriving real estate market today!

https://www.nailahllc.com/

https://www.youtube.com/watch?v=m1T2Um7uqMQ

 

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