Property Description
The Kirkwood is a 26-unit, renovated vintage asset located at 1400 Seward Avenue in Detroit’s Henry Ford neighborhood, offering investors an opportunity to acquire a well-positioned urban asset with strong location fundamentals and functional layouts. The property features a desirable mix of 19 two-bedroom and 7 three-bedroom apartment homes, averaging approximately 990 square feet, providing spacious floor plans that appeal to a broad renter base. The unit mix is well suited for workforce housing demand, offering residents comfortable living spaces with convenient access to Detroit’s major employment, entertainment, and transportation hubs.
investment summary
1400 Seward Ave | Detroit, MI 48206
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Opportunity Highlights
STRATEGIC HENRY FORD NEIGHBORHOOD LOCATION
Located at 1400 Seward Avenue in Detroit’s Henry Ford neighborhood, offering convenient access to Downtown Detroit, Midtown, major employment hubs, and regional transportation corridors including M-10, I-94, and I-96.
RECENTLY RENOVATED, TURNKEY OPPORTUNITY
Recently renovated apartments feature updated kitchens and bathrooms, new appliances, fresh flooring, central heating and cooling, and two off-street parking spaces per unit.
DIVERSE AND FUNCTIONAL UNIT MIX
Features 26 apartment homes consisting of spacious two- and three-bedroom layouts averaging approximately 990 square feet, supporting broad renter demand and a workforce housing profile within the Detroit market.
PROXIMITY TO MAJOR EMPLOYMENT DRIVERS
Located minutes from the Henry Ford Health campus and surrounded by Detroit’s growing employment base, providing residents with access to major institutions, retail, dining, and neighborhood amenities.
FAVORABLE TAX ADVANTAGE STRUCTURE
Benefits from an in-place PILOT tax abatement structure, providing reduced property-tax exposure and supporting enhanced cash flow potential for a future owner.
GROWING DETROIT URBAN CORE MARKET
Positioned within a revitalizing Detroit neighborhood benefiting from continued investment, improving infrastructure, and long–term demand driven by expanding employment, redevelopment, and urban growth.
Completed Unit Upgrades
The Kirkwood’s completed unit upgrades demonstrate a meaningful transformation of the property’s interiors, elevating previously dated residences into modern, highly marketable apartment homes. Renovated units feature refreshed kitchens with stainless-steel appliances, granite countertops, and subway-tile backsplashes, complemented by updated bathrooms and in-unit climate control. These improvements enhance both functionality and resident appeal while positioning the property to capture higher rents as additional units turn and the renovation program progresses.
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Contact
Office
DETROIT OFFICE
260 East Brown Street
Suite 150
Birmingham, MI 48009
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
Director
248.341.3316
[email protected]
Mortgage Banking
Alex Bonda
Director
248.320.0533
[email protected]
Luke Sefranek
Senior Director
248.208.3466
[email protected]
Trevor Friday
Director
248.224.4660
[email protected]
The Kirkwood
1400 Seward Ave | Detroit, MI 48206
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.
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