Southpointe Square
224 UNITS | BUILT 1970
22520 West Rd | Woodhaven, MI
Executive Summary
Southpointe Square Apartments is a 224-unit multifamily community in Woodhaven, Michigan, offering scale, attainable rents, and a well-established Downriver location with convenient access to I-75, major retail, and regional employment centers. The Property combines a broad-appeal unit mix with practical amenities and a value-oriented positioning that continues to resonate in a market where affordability remains a key driver of renter demand.
The surrounding South Wayne County apartment market tells a compelling story. The submarket reported 97.3% average occupancy in Q2 2026, with $1,236 average effective rent, reflecting 5.4% year-over-year rent growth and 27.5% cumulative growth over the last five years. Market leasing performance has also remained constructive, with 2.7% growth on new leases and 3.9% growth on renewal leases, supporting a stable and healthy leasing environment.
That backdrop is especially meaningful for Southpointe Square, where the appeal is rooted in accessible price points, functional floor plans, and everyday convenience. The economics of renting remain favorable relative to homeownership in the area, with average monthly mortgage payments estimated at approximately $1,700 versus $1,236 in average effective rent, creating an estimated $464 monthly affordability advantage for renters. Combined with limited new supply and a solid surrounding demographic profile, the Property is well positioned within a proven suburban rental corridor.
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Investment Highlights
Proven Value-Add Opportunity
- 103 unrenovated units, presenting meaningful upside to the next owner
- Fully renovated units have achieved an approximate $343/month premium, including in-unit washer/dryers
- Opportunity to add in-unit washer/dryers to 121 existing renovated units for an additional approximately $150/month premium
Exceptional Property Performance
- Net rental income increased 8.7% since 2023, reflecting robust revenue growth and continued operating momentum
- Average renewal increase of 4.7% since 2024
Exceptional Market Metrics
- Average effective rent of $1,236 versus estimated homeownership cost of $1,700 per month
- Approximately $464 monthly affordability advantage in favor of renting
- Median household income of $89,939, with 44% of households earning more than $100,000 annually
Institutionally Maintained Asset
- Over 20 years of long-term ownership
- Community amenities include a clubhouse, swimming pool, picnic area, basketball court, playground, and onsite laundry facilities
- Significant investments in asset preservation, eliminating upfront capital needs for next owner
Highly Desirable Location
- Established Woodhaven location with direct access to I-75, West Road, retail, and employment
- Positioned within a proven Downriver corridor with durable suburban apartment demand
- Broad access to regional logistics, manufacturing, healthcare, and metro Detroit employment hubs
No New Supply
- No new properties planned or under construction to be completed in 2027 or 2028
Amenities
- Fully Equipped Kitchen
- Renovated Units
- Stainless Steel Appliances*
- Granite Countertops*
- Wood-Style Flooring
- Walk-In Closets
- Ceiling Fans
- In-Unit Washer / Dryer*
- Swimming Pool
- Clubhouse
- Onsite Laundry Facilities
- Picnic Area
- Playground
- Basketball Court
*In Select Units
The Asset
Southpointe Square is a garden-style apartment community built in 1970 and comprised of 224 apartment homes. The Property offers a mix of one- and two-bedroom floor plans ranging from approximately 620 to 1,031 square feet, allowing it to serve a broad renter base that includes single professionals, couples, roommates, and smaller families. The unit mix includes one-bedroom / one-bath residences as well as multiple two-bedroom layouts, including larger formats with an additional half-bath.
The community is designed around practical livability and everyday convenience. Current offerings include spacious floor plans, walk-in closets, renovated units, and a pet-friendly setting, supported by common-area amenities such as a swimming pool, basketball court, sundeck, picnic area, controlled access, planned social activities, on-site laundry, and on-site management. Altogether, the amenity package complements the Property’s suburban setting and supports resident retention within a value-oriented segment of the market.
Property Description
Southpointe Square Apartments offers a straightforward and highly livable residential experience built around space, functionality, and convenience. The Property’s one- and two-bedroom floor plans provide a practical range of options for a broad cross-section of renters, from residents seeking an efficient one-bedroom layout to households desiring a larger two-bedroom residence with additional flexibility. Unit sizes range from approximately 620 square feet to more than 1,000 square feet, giving the community a level of dimensional variety that compares favorably within its segment of the market.
Inside the residences, Southpointe Square combines classic apartment living with select updates that support current leasing appeal. The homes are designed to emphasize usable space and everyday comfort, with features such as spacious layouts, walk-in closets, and renovated interiors in select units. Rather than competing as a luxury product, the Property offers a more practical value proposition centered on room, function, and affordability, which aligns well with renter demand in the surrounding market.
At the community level, Southpointe Square benefits from an amenity package that supports both convenience and resident experience. Features including a swimming pool, basketball court, sundeck, picnic area, controlled access, on-site laundry, planned social activities, and on-site management contribute to the Property’s appeal as a well-rounded suburban community. These offerings help create a comfortable resident environment while reinforcing leasing competitiveness within the attainable housing segment.
Just as important, the Property’s physical offering aligns well with the market conditions around it. In a submarket characterized by strong occupancy, favorable rent-versus-own economics, and limited recent supply, Southpointe Square is positioned to continue appealing to residents who value accessibility, livability, and convenience. The combination of scale, broad unit appeal, and durable suburban location gives the Property a strong place within the Downriver multifamily landscape.
Market Overview
Southpointe Square is located in Woodhaven, one of the Downriver area’s most established suburban communities. The Property benefits from proximity to West Road and I-75, placing residents within easy reach of shopping, dining, services, and major commuting routes throughout southern Wayne County and the broader Detroit metro. Nearby retail includes Target, Walmart, Meijer, LA Fitness, and other national tenants that reinforce the area’s day-to-day convenience and support overall resident appeal.
The market story is grounded in stability, affordability, and limited recent supply. South Wayne County continues to post strong occupancy and healthy rent growth, while new competitive deliveries have remained manageable relative to total inventory. At the same time, the affordability spread between renting and owning continues to favor apartment demand, which is particularly important in a market where residents prioritize value, flexibility, and accessibility.
The surrounding trade area also supports the Property’s long-term outlook. Within the three-mile area, median household income is approximately $89,939, projected to grow 17.5% over the next five years to roughly $105,678, while 44% of households earn more than $100,000 annually. The area is also supported by a diverse employment base across healthcare, manufacturing, logistics, and automotive industries, with access to employers throughout Wyandotte, Taylor, Dearborn, Flat Rock, and downtown Detroit.
LOCATION
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Detroit Office
260 East Brown Street, STE 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales
Kevin P. Dillon
Senior Managing Director
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Jason Krug
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Corey Krug
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Rick Brace
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Conor David
Director
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EJ Wujek
Associate Director
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Mortgage Banking
Peter Benedetto
Senior Managing Director
248.208.3462
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Jillian Maki
Director
248.208.3465
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Southpointe Square
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