Turnkey 16-unit multifamily investment opportunity in Plymouth, MI. Built in 1964 and extensively renovated in 2024-2025 with updated flooring, cabinets, kitchens, appliances, and fixtures. Two brick buildings on a single parcel featuring four 1-bedroom/1-bath units (626 SF) and twelve 2-bedroom/1-bath units (676 SF). All units include in-unit washer/dryer, forced-air gas heat, and central air. Gas and electric are individually metered and tenant-paid; landlord covers water and trash. 25 on-site parking spaces. Currently approximately 97% occupied with strong rental history. Located in Plymouth's desirable submarket near top-rated Plymouth-Canton schools and predominantly owner-occupied single-family neighborhoods. An excellent stabilized cash-flow opportunity with upside potential.
Plymouth Township, located between Ann Arbor Road and M-14, is a residential and commercial Plymouth neighborhood with wooded subdivisions and a golf-course landscape. The neighborhood’s character concentrates around the Sheldon Road and Ann Arbor Road corridor, where local eateries, specialty services, and everyday errands cluster in a steady suburban rhythm. Community pillars include The Inn at St. John’s for events and dining, Fox Hills Golf & Banquet Center for fairways and gatherings, and USA Hockey Arena for year-round ice sports. Housing ranges from mid-century ranches to newer colonials on curving streets with mature trees. Hines Park threads the edge with long trails and picnic clearings. Retail pockets sit along major roads, while interior blocks stay quiet and green.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Has existing leases
Bathrooms
16 full bathrooms
Heating & cooling
Natural gas forced air heating
Exterior features
Brick exterior
Paved street access
Approximately 0.9 acre lot
Home design
Multi-family property
Ranch style, single-story
Construction
Built in 1964
Slab foundation
Utilities
Public water
Natural gas
Financial info
16 total units
Net operating income reported at $205,634
Total expenses reported at $89,259
Example unit rents listed around $1,437 and $1,545
Electricity and solar
View estimated energy costs and solar savings for this home
Turnkey 16-unit multifamily investment opportunity in Plymouth, MI. Built in 1964 and extensively renovated in 2024-2025 with updated flooring, cabinets, kitchens, appliances, and fixtures. Two brick buildings on a single parcel featuring four 1-bedroom/1-bath units (626 SF) and twelve 2-bedroom/1-bath units (676 SF). All units include in-unit washer/dryer, forced-air gas heat, and central air. Gas and electric are individually metered and tenant-paid; landlord covers water and trash. 25 on-site parking spaces. Currently approximately 97% occupied with strong rental history. Located in Plymouth's desirable submarket near top-rated Plymouth-Canton schools and predominantly owner-occupied single-family neighborhoods. An excellent stabilized cash-flow opportunity with upside potential.
APPFOLIO #4
Apr 30, 2025
Rental Removed
$1,400
$0/sq ft
Apr 20, 2025
Listed for Rent
$1,400
$0/sq ft
Oct 10, 2024
Rental Removed
$1,550
$0/sq ft
Oct 10, 2024
Listed for Rent
$1,375
$0/sq ft
APPFOLIO #3
Oct 10, 2024
Rental Removed
$1,550
$0/sq ft
Oct 10, 2024
Listed for Rent
$1,550
$0/sq ft
May 22, 2024
Rental Removed
$1,450
$0/sq ft
Apr 12, 2024
Listed for Rent
$1,450
$0/sq ft
APPFOLIO #2
Apr 10, 2024
Rental Removed
$1,450
$0/sq ft
Apr 6, 2024
Listed for Rent
$1,450
$0/sq ft
APPFOLIO #1
Jan 13, 2024
Rental Removed
$1,200
$0/sq ft
Dec 21, 2023
Listed for Rent
$1,200
$0/sq ft
MiRealSource-MiMLS #20594464
Mar 9, 2012
Sold
$862,000
$62/sq ft
Mar 2, 2012
Listing Removed
—
Dec 7, 2011
Listed
$990,000
$71/sq ft
16 units, 2 maintenance free brick buildings, 12-2BR/1BA@700 sq. ft. each & 4-1BR/1BA@625 sq. ft. each, 100% remodeled w/ new cabinets, c'tops, vinyl floors/carpet, appliances; refrigerator, stove, most w/ microwaves & stackable washer/dryers, new paint, toilets, sinks, new interior doors, front entrance doors, screen doors, patio doors & vinyl windows, all units have brick paver patios, new sidewalks, nicely landscaped, lawn sprklers. Agent/Corp owned.
REALCOMP #211125594
Mar 9, 2012
Sold
$862,000
$62/sq ft
Dec 7, 2011
Listed
$990,000
$71/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
205 ft.
Lot depth
191 ft.
Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Wayne County
APN
—
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 9, 2023.
Historical weather
Plymouth, MI • 48170 1449
Average low and high temperatures (°F)
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66
80
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77
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66
46
49
37
36
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Plymouth. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11.6 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 230 Plymouth Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More