240 Mack Ave, Detroit, MI 48201
Lofts on Mack: 21 Fully Renovated Units in Midtown Detroit
Asking price
$4,100,000
Units
21
Occupancy
100%
NOI
$265,298
Description
240 Mack Ave, Detroit, MI 48201 | Offered at $4,100,000
Property details
Full occupancy on a renovated asset. 100% occupied across all 21 units, up from 91.3% at the original listing. About $2.77M has been invested since the 2020 acquisition.
Growing NOI. In-place NOI is $265,298 (Year 1 pro forma $268,795), up from $254,933 at original underwriting. Operating expenses are essentially flat.
Tax abatement that transfers. An active abatement is confirmed to survive the sale, holding the annual tax basis at $21,604 and removing the reassessment risk typical of a Michigan multifamily sale.
Prime Midtown location. It’s steps from Wayne State and the Detroit Medical Center, directly across from Whole Foods, and near the QLine.
Low landlord expense. Tenants pay electric. The roof, facade, wiring, fire protection and hot water systems were all completed in 2025.
Location & surroundings
240 Mack Ave, Detroit, MI 48201. Steps from Wayne State and the Detroit Medical Center, directly across from Whole Foods, and near the QLine.
Viewings & contact
In-place NOI: $265,298. Year 1 pro forma NOI: $268,795. Annual taxes: $21,604 (abated).
Nick Kirby, Managing Director: 248.973.4067, nick@solvantacre.com. Ahsan Tarar, Broker: 313.888.0315, Ahsan@SolvantaCRE.com.
240 Mack Ave, Detroit, MI 48201
Lofts on Mack: 21 Fully Renovated Units in Midtown Detroit
Asking price
$4,100,000
Units
21
Occupancy
100%
NOI
$265,298
Chic 1-Bedroom Apartment in Kuala Lumpur, Malaysia
240 Mack Ave, Detroit, MI 48201 | Offered at $4,100,000
Property details
Full occupancy on a renovated asset. 100% occupied across all 21 units, up from 91.3% at the original listing. About $2.77M has been invested since the 2020 acquisition.
Growing NOI. In-place NOI is $265,298 (Year 1 pro forma $268,795), up from $254,933 at original underwriting. Operating expenses are essentially flat.
Tax abatement that transfers. An active abatement is confirmed to survive the sale, holding the annual tax basis at $21,604 and removing the reassessment risk typical of a Michigan multifamily sale.
Prime Midtown location. It’s steps from Wayne State and the Detroit Medical Center, directly across from Whole Foods, and near the QLine.
Low landlord expense. Tenants pay electric. The roof, facade, wiring, fire protection and hot water systems were all completed in 2025.
Location & surroundings
240 Mack Ave, Detroit, MI 48201. Steps from Wayne State and the Detroit Medical Center, directly across from Whole Foods, and near the QLine.
Viewings & contact
In-place NOI: $265,298. Year 1 pro forma NOI: $268,795. Annual taxes: $21,604 (abated).
Nick Kirby, Managing Director: 248.973.4067, nick@solvantacre.com. Ahsan Tarar, Broker: 313.888.0315, Ahsan@SolvantaCRE.com.
240 Mack Ave, Detroit, MI 48201
Lofts on Mack: 21 Fully Renovated Units in Midtown Detroit
Asking price
$4,100,000
Units
21
Occupancy
100%
NOI
$265,298
Chic 1-Bedroom Apartment in Kuala Lumpur, Malaysia
240 Mack Ave, Detroit, MI 48201 | Offered at $4,100,000
Property details
Full occupancy on a renovated asset. 100% occupied across all 21 units, up from 91.3% at the original listing. About $2.77M has been invested since the 2020 acquisition.
Growing NOI. In-place NOI is $265,298 (Year 1 pro forma $268,795), up from $254,933 at original underwriting. Operating expenses are essentially flat.
Tax abatement that transfers. An active abatement is confirmed to survive the sale, holding the annual tax basis at $21,604 and removing the reassessment risk typical of a Michigan multifamily sale.
Prime Midtown location. It’s steps from Wayne State and the Detroit Medical Center, directly across from Whole Foods, and near the QLine.
Low landlord expense. Tenants pay electric. The roof, facade, wiring, fire protection and hot water systems were all completed in 2025.
Location & surroundings
240 Mack Ave, Detroit, MI 48201. Steps from Wayne State and the Detroit Medical Center, directly across from Whole Foods, and near the QLine.
Viewings & contact
In-place NOI: $265,298. Year 1 pro forma NOI: $268,795. Annual taxes: $21,604 (abated).
Nick Kirby, Managing Director: 248.973.4067, nick@solvantacre.com. Ahsan Tarar, Broker: 313.888.0315, Ahsan@SolvantaCRE.com.
Gallery
Gallery
Gallery
Register your interest
Let us know you’re interested in this property. Our team will follow up with details or next steps.
View Lofts on Mack
Asking:
$4,100,000
240 Mack Ave, Detroit, MI 48201
21 units
100% occupied
View Cedar Creek Court
Asking:
$2,500,000
9263–9295 Cedar Creek Ct, Swartz Creek, MI 48473
15 units
100% occupied