$550,000

McGraw/Boulevard Lawn Apartments Strategically positioned at McGraw Street and West Grand Boulevard, this four-section, interconnected multifamily complex offers exceptional redevelopment potential within an increasingly connected area of Detroit. The property sits between several of the city's most significant investment districts, including Henry Ford Health's $3 billion Future of Health initiative, Ford's Michigan Central innovation district, and the advancing $62 million Junction McGraw industrial development. Access to I-94 and I-96 connects the site to Downtown, Midtown, Dearborn, major employment centers, Detroit's stadium and entertainment district--including Ford Field, Comerica Park, and Little Caesars Arena--and the Ambassador and Gordie Howe international bridges to Canada. The apartments offer varied configurations serving a broad range of household needs. A unit mix weighted toward three-bedroom apartments can accommodate families seeking larger rental housing. Generously sized two-bedroom units provide flexibility for residents who work from home or need office, study, or multipurpose space. One-bedroom apartments further broaden the tenant base and allow the development to serve multiple household sizes and price points. This substantial redevelopment opportunity is ideally suited to a seasoned, well-capitalized developer with the experience and resources to execute a comprehensive, multi-phase rehabilitation. The project requires a sponsor capable of navigating structural rehabilitation, municipal approvals, construction financing, phased construction, and lease-up. For the right team, it presents an exceptional opportunity to reposition a distinctive 27-unit residential asset, create quality housing for Detroit's missing-middle workforce, support broader workforce-development goals, and pursue nearby infill opportunities. Buyer to independently verify all building measurements.