A rare Detroit value-add apartment offering at 725 Whitmore, Detroit, MI 48203: a solid brick building with 66 units and the scale buy-and-hold investors look for when they want meaningful income potential and operational leverage. With the right rehab plan, this property is positioned to gross over $75,000 per month in rent, giving you room to build a durable cash-flowing asset at a basis that reflects the work still needed. The building totals 72 bedrooms and 66 bathrooms across approximately 48,000 sq ft, with a unit mix designed to serve broad rental demand: 48 one-bedroom units, 12 two-bedroom units, and 6 studios. Much of the heavy lifting has already started in key areas, including many newer egress windows and the replacement of many plumbing stacks, improvements that can help streamline the path from renovation to stabilized performance. The structure is there, the footprint is there, and the upside is there, this is a straightforward opportunity for an investor ready to bring a large building back to life. Set on a 22,000 sq ft lot, the property provides ample site area to support a full-scale repositioning effort and long-term operation. The brick construction speaks to longevity, and the combination of updated components already completed plus remaining interior work creates a clear value-add narrative: you are buying it at a price that reflects the condition, then capturing the spread as units are improved and income rises. Request details and schedule a showing to evaluate the unit mix, existing improvements, and the path to unlocking this 66-unit Detroit apartment's rent potential.
Palmer Park Apartment Buildings Historic District, located between Woodward Avenue and Palmer Park, is a historic and residential Detroit neighborhood with Art Deco apartment blocks and a park-edge setting. The district reads like an outdoor architecture gallery, with brick towers, geometric stonework, and landscaped courtyards lining the streets. The neighborhood’s character concentrates around the Woodward Avenue and McNichols Road corridor, where storefronts, transit stops, and steady street activity frame the gateway into the park. The Detroit Golf Club and Palmer Park anchor the area’s classic Detroit recreation scene. Nearby, the historic Palmer Park Log Cabin adds a local cultural note. Daily life centers on walkable blocks, green views, and landmark buildings.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Cable/Internet available
Block, partially finished basement
Bathrooms
66 full bathrooms
Heating & cooling
Baseboard heating
Electric heating
Forced air
Exterior features
Brick exterior
Paved street frontage
160 ft frontage
Landscaped urban lot (0.5 acre)
Home design
Multi-family hi-rise built in 1926
City location (Detroit)
Construction
Basement foundation
Utilities
Public water
Electric and natural gas service
Water included (in lease)
Financial info
Total of 66 units
Total expenses reported at $100,000
Net operating income reported at $800,000
Sample rent: Unit examples $900, $1,100, $1,300
Electricity and solar
View estimated energy costs and solar savings for this home
A rare Detroit value-add apartment offering at 725 Whitmore, Detroit, MI 48203: a solid brick building with 66 units and the scale buy-and-hold investors look for when they want meaningful income potential and operational leverage. With the right rehab plan, this property is positioned to gross over $75,000 per month in rent, giving you room to build a durable cash-flowing asset at a basis that reflects the work still needed. The building totals 72 bedrooms and 66 bathrooms across approximately 48,000 sq ft, with a unit mix designed to serve broad rental demand: 48 one-bedroom units, 12 two-bedroom units, and 6 studios. Much of the heavy lifting has already started in key areas, including many newer egress windows and the replacement of many plumbing stacks, improvements that can help streamline the path from renovation to stabilized performance. The structure is there, the footprint is there, and the upside is there, this is a straightforward opportunity for an investor ready to bring a large building back to life. Set on a 22,000 sq ft lot, the property provides ample site area to support a full-scale repositioning effort and long-term operation. The brick construction speaks to longevity, and the combination of updated components already completed plus remaining interior work creates a clear value-add narrative: you are buying it at a price that reflects the condition, then capturing the spread as units are improved and income rises. Request details and schedule a showing to evaluate the unit mix, existing improvements, and the path to unlocking this 66-unit Detroit apartment’s rent potential.