Buy & Hold (Multifamily): (12 Units) 12710 Broadstreet St, Detroit, MI + $295,000

Promise Land Realty
9 minutes ago
3 min read

Multifamily Investment Opportunity

Price

$295,000

OFF-MARKET VALUE-ADD 12-UNIT APARTMENT BUILDING |

DETROIT, MI

Address: 12170 Broadstreet Ave, Detroit, MI

Asking Price: $295,000

Property Type: Multifamily – 12 Units (Major Value-Add Opportunity)

Promiseland Realty presents a high-upside, heavy value-add multifamily deal perfectly timed for Detroit investors who understand how fast these opportunities are disappearing. This 12-unit building is deeply discounted, in a transition zone, and priced for immediate action.

If you invest in Detroit or you’ve been waiting for a strong entry point—this is the type of asset you move on quickly.

Unit Mix

6 × 1-Bedroom Units
3 × 2-Bedroom Units
3 × Studio Units
Average Unit Size: ~900 sq. ft.

Large unit sizes and a balanced mix provide serious rental upside after renovation.

Full Value-Add Play

This property requires a complete renovation, but Detroit investors know the game:

This is where the real equity is created.

Perfect for investors looking to:

Execute a BRRRR strategy
Maximize rents with new layouts + modern finishes
Add amenities to drive NOI
Stabilize at strong Detroit market rates
Capture long-term appreciation as the neighborhood continues rising

With comps for renovated 12-units trading much higher, you control the full value-creation cycle.

Why Detroit Investors Should Move Fast

Priced at only ~$24K per door — nearly impossible to find in 2025
High rental demand with massive upside post-renovation
Renovated properties in this area are getting scooped up rapidly
Detroit’s multifamily space is tightening — value-add deals are getting rarer
Investors who wait are paying way more per door later

This is one of those deals where Detroit buyers who recognize the fundamentals act immediately.

Solid Detroit Location

Broadstreet Ave sits in a steadily improving corridor with active rehabs, investor purchases, and rising rental rates. Renovated units in this area stay leased, and cash-flow numbers are strong.

Acquisition Terms

Price: $290,000
Off-Market — Direct
Submit all offers + questions to:📩 investments@promiselandrealtyllc.com

Property Map

TEAM PROMISELAND DISCLAIMER

This is a confidential off-market opportunity provided exclusively by Team Promiseland. No party is authorized to market or distribute the contents of this listing without express written permission. Unauthorized use or dissemination will result in a $500 penalty per occurrence.

All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

OFFICIAL PROMISELAND LENDING PARTNER