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1241-1251 E. Woodward Heights Avenue | Hazel Park, MI 48030
Steeple Chase
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1241 E. Woodward Heights Ave | Hazel Park, MI 48030
STEEPLE CHASE
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
260 E. Brown Street, Ste 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales
Mortgage Banking
Detroit Office
CONTACT
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
Conor David
Director
614.796.0222
conor.david@berkadia.com
Luke Safranek
Director 248.208.3466 luke.safranek@berkadia.com
Alex Bonda
Associate Director 248.208.0533 alex.bonda@berkadia.com
EJ Wujek
Associate Director 248.341.3316 ej.wujek@berkadia.com
Kevin P. Dillon
Senior Managing Director
248.341.3309
kevin.dillon@berkadia.com
Corey Krug
Senior Director
248.341.3338
corey.krug@berkadia.com
Jason Krug
Senior Managing Director
248.341.3344
jason.krug@berkadia.com
PHOTO GALLERY
LOCATION
Investment Summary
Steeple Chase represents an exceptional investment opportunity for a brand-new construction multifamily community consisting of 8 existing residential units (in lease-up) with the remaining 10 units (in Phase II) currently under construction, totaling 18 units. Located in the heart of Hazel Park, one of the area’s up-and-coming neighborhoods of southeast Oakland County, the property is anticipated to be completed by Spring 2022. The newly built property resides in one of the fastest growing submarkets in Michigan (Southeast Oakland County), equating to a significant opportunity for a new investor to plant their flag in the desirable Southeast Michigan Market. The property offers two different 2-bedroom/2-bath contemporary floor plans with more than 1,200 SF of living space and an attached one car garage in each. Unit appointments include a contemporary kitchen design with premium cabinetry and high-end granite tops, spacious and appointed baths, modern paint colors and luxury flooring throughout the main living floor area. In select units, a spiral staircase leads to the unit’s master bedroom atop of its two-story townhome design.
Located in Southeast Michigan, Hazel Park sits at the intersection of the tri-county area, offering immediate access via I-75 and I-696 to Metro Detroit's businesses, attractions, sporting events and night life. The property is also located less than two miles east of downtown Ferndale. Embracing the diversity of culture and creativity, Ferndale offers an eclectic lifestyle, nightlife, and entertainment as well as a family friendly vibe with many neighborhood parks and activities promoting a more active lifestyle. The recently built Amazon Fulfilment facility to the north of Steeple Chase is the new epicenter of employment for this neighborhood, sitting adjacent to the property. Hazel Park is home to more than 16,000 residents, offering its unique, small-town charm in a lively urban setting. Friendly neighborhoods, tree-lined streets and mom-and-pop shops make up the fabric of this truly one-of-a-kind community. Hazel Park is a great place to live, work and invest in, providing Steeple Chase and its owners a solid high-performing multifamily investment with strong long-term cash flow prospects once stabilized.
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QUICK STATS
24,048 SF
TOTAL SF
1,336 SF
Average SF
$1.54
Average Rent / SF
2
Stories
1
Buildings
2020/2021
Built
18
UNITS
Air Conditioning and Heating
High Ceilings
Townhome-Style with Spiral Staircase
Wood-Style Flooring
Fully Equipped Kitchen
Stainless Steel Appliances
Granite Countertops
Modern Cabinetry and Lighting
AMENITIES
NEW CONSTRUCTION
NEW FINANCING OPPORTUNITY
UPCOMING NEIGHBORHOOD IN OUTSTANDING SOUTHEAST MICHIGAN MARKET
HIGH BARRIERS TO ENTRY MARKET
CLOSE PROXIMITY TO EMPLOYMENT, ENTERTAINMENT, SHOPPING AND HEALTHCARE
Opportunity Highlights
Highlights
Amenities
Investment Summary
Document Center
Contact
Privacy
Terms of Use
Gallery
Breakfast Bar (available in select units)
High Efficiency Windows and HVAC
Spacious Closets
In-Unit Washer / Dryer
Private Patio / Balcony
Private Entry
Built-In, One-Car Garage
1
2
3
4
5
9
Property
Amenities
Opportunity
DOC CENTER
Terms of Use
Privacy
Contact
Gallery
Can be acquired individually or as a portfolio
$2,056
Avg Market RenT
