Multifamily Property for Sale in Wayne, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Wayne, MI 48184

Description

Marcus & Millichap is pleased to present the Wayne Portfolio, a 30-unit multifamily offering comprised of three properties located in Wayne, Michigan: Gloria Apartments at 3448–3468 Gloria Street, Sims Apartments at 34610 Sims Street, and Brush Apartments at 35641–35657 Brush Street. The portfolio features a diverse unit mix of studio, one, two, three, and five bedroom apartments, ranging in size from approximately 700 to 1,500 square feet, appealing to a broad tenant base. Constructed between 1940 and 1958, the properties feature durable construction and functional layouts. With multiple unit types and three separate locations within the same submarket, the Wayne Portfolio provides operational scale while maintaining neighborhood-level appeal. The offering presents investors with the opportunity to acquire a diversified, cashflowing portfolio in a stable Wayne County rental market with long-term demand fundamentals. Investment Highlights: • Strong Historical Occupancy • Centrally Located • Many Units Recently Renovated

Market Context

This multifamily in Wayne, MI is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 67 days. Compare it against other multifamily listings for sale in Wayne, MI — <a href="/search/sale/multifamily/michigan/wayne">view the full market</a>.

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