Quick Stats
The Asset
Beach Club Apartments is a premier property located in the highly sought-after Gold Coast neighborhood, directly across from the picturesque Belle Isle. It offers 179 units that are achieving fantastic rent growth based on ownership’s strategic unit renovation program. This exceptional location along Detroit’s East Riverfront places residents in close proximity to a vibrant array of art, educational, and medical institutions. Detroit is rapidly becoming a top destination for culinary, shopping, and entertainment experiences, and is one of the few U.S. cities that hosts all four major professional sports franchises within its city limits. The city also boasts a nationally acclaimed riverwalk, enhancing its appeal.
The East Riverfront / Gold Coast area is emerging as a jewel among downtown Detroit’s submarkets, complemented by nearby neighborhoods such as the CBD, Lafayette Park, Indian Village, and West Village. This prime location offers a robust job market with major employers like General Motors, Detroit Medical Center, Wayne State University, The Henry Ford Medical Center, and Quicken Loans.
Current ownership has transformed Beach Club Apartments into a remarkable asset, featuring premium renovations and unique riverfront amenities. Residents enjoy one of the best residential views in Detroit, overlooking Belle Isle. The property offers a luxurious lifestyle with spacious living areas, modern conveniences, and exclusive amenities that cater to comfort and elegance.
With its strategic location, Beach Club Apartments provides easy access to downtown Detroit and major freeways, allowing residents to reach various city areas and the Detroit Metro Airport in under 25 minutes. The property is also within walking distance of numerous entertainment options, including three casinos and all four professional sports venues, with the exciting prospect of a professional soccer team on the horizon. This combination of location, amenities, and breathtaking views makes Beach Club Apartments a true gem of the city.
Property Highlights
PRIME LOCATION
Beach Club is strategically located in the heart of Downtown Detroit, offering residents easy access to the city’s vibrant cultural, dining, and entertainment scenes. The property’s proximity to major employers and the Detroit River enhances its appeal, making it a highly desirable location for potential tenants.
STRONG MARKET GROWTH
The Downtown Detroit market has shown a strong resilience with 88.5%(Q4 2024) occupancy expected to grow to 93.3% by year end 2025. Rent Growth has been 19.4% over the past five years. This trend is expected to continue, driven by ongoing investments and developments in the area, including major projects like the Hudson’s site development and the Detroit Center for Innovation.
VALUE-ADD POTENTIAL
Significant upside exists through the renovation of 22 classic units, which achieve an average rent premium of $492, and an additional 22 down units, which are expected to achieve an average rent of $1.364 post-renovation.
ATTRACTIVE FINANCING OPTIONS
The property benefits from strong capital market conditions, with options for agency financing post closing. An investor will be able to complete the renovation, improve occupancy and operations before securing agency financing.
INVESTMENT DEMAND
Given the property’s prestige and the strength of the multifamily market in Downtown Detroit, Beach Club is expected to attract significant interest from national, regional, and local investors, including private equity, family offices, and institutional investors.
Amenities
- Stainless Steel Appliances
- Quartz Countertops
- Spacious Cabinetry
- Tile Backsplash
- Newly Remodeled Bathroom
- Walk-In Closets
- Nest Thermostat
- Remote and Contactless Entry from Smartphone
- Fitness Center
- Beach Volleyball
- Outdoor Grills
- Bocce Ball Court
- Bike Garages
- Laundry Facilities
- Secured Parking
Property Description
Beach Club Apartments is a premier property located in the highly sought-after Gold Coast neighborhood, directly across from the picturesque Belle Isle. It offers 179 units that are achieving fantastic rent growth based on ownership’s strategic unit renovation program. This exceptional location along Detroit’s East Riverfront places residents in close proximity to a vibrant array of art, educational, and medical institutions. Detroit is rapidly becoming a top destination for culinary, shopping, and entertainment experiences, and is one of the few U.S. cities that hosts all four major professional sports franchises within its city limits. The city also boasts a nationally acclaimed riverwalk, enhancing its appeal.
The East Riverfront / Gold Coast area is emerging as a jewel among downtown Detroit’s submarkets, complemented by nearby neighborhoods such as the CBD, Lafayette Park, Indian Village, and West Village. This prime location offers a robust job market with major employers like General Motors, Detroit Medical Center, Wayne State University, The Henry Ford Medical Center, and Quicken Loans.
Current ownership has transformed Beach Club Apartments into a remarkable asset, featuring premium renovations and unique riverfront amenities. Residents enjoy one of the best residential views in Detroit, overlooking Belle Isle. The property offers a luxurious lifestyle with spacious living areas, modern conveniences, and exclusive amenities that cater to comfort and elegance.
With its strategic location, Beach Club Apartments provides easy access to downtown Detroit and major freeways, allowing residents to reach various city areas and the Detroit Metro Airport in under 25 minutes. The property is also within walking distance of numerous entertainment options, including three casinos and all four professional sports venues, with the exciting prospect of a professional soccer team on the horizon. This combination of location, amenities, and breathtaking views makes Beach Club Apartments a true gem of the city.
Location
Photo Gallery
Contact Us
Detroit Office
260 E. Brown Street, Ste 150
Birmingham, MI 48009
Phone: 248.646.7701
INVESTMENT SALES
Kevin P. Dillon
Senior Managing Director
248.341.3309
[email protected]
Jason Krug
Senior Managing Director
248.341.3344
[email protected]
Corey Krug
Senior Director
248.341.3338
[email protected]
Rick Brace
Senior Director
248.341.3319
[email protected]
Conor David
Director
614.796.0222
[email protected]
EJ Wujek
Associate Director
248.341.3316
[email protected]
Mortgage Banking
Peter Benedetto
Senior Managing Director
248.208.3462
[email protected]
Luke Safranek
Senior Director
248.208.3466
[email protected]
7700 E Jefferson Avenue | Detroit, MI 48214
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