Warren Manor – Warren, MI

21516 Dequindre Road, Warren, MI 48091
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Investment summary

Units479

Year Built1969

Total Rentable SF388,675

Avg Unit Size811

Avg Market Rent/Unit$1,115

Occupancy96%

Offering Memorandum & Deal Room

Photo gallery

Investment highlights

Ownership-Funded Repositioning

​​​​​​​Current ownership has spent roughly $6M across 479 units in the last 3 years. 200 units have been fully renovated with updated kitchens, flooring, paint, doors, and modernized finishes, while another 200 units have been turned and given basic upgrades and improvements. Boilers have been replaced in every building. New ownership steps in with the capital-intensive work already complete, leaving room to focus on driving rents rather than funding large capital projects.

Value-Add for the Next Investor

​​​​​​​What remains for the next investor is the highest margin phase of the business plan: completing lease-up, pushing renovated units to market rents, and capturing the stabilized value that ownership’s capital and effort have already put in place.

Warren Anchor Employers

​​​​​​​Warren Manor is located within 12 minutes of the 3 Anchor Employers: General Motors Global Technical Center, U.S. Army Detroit Arsenal & Stellantis. Together, 30,000+ direct jobs lie within Warren’s city limits. For residents, that means a short, dependable commute to stable, well-paid jobs, a convenience that keeps demand for Warren Manor's units consistently strong.

Economic Strength

​​​​​​​The City of Warren out-employs its own population. Approximately 90,900 primary jobs are located inside the city limits, well above the city’s ±65,400 employed residents, and more than 80,000 workers commute into Warren every day. The daily influx of commuters creates a built-in pool of prospective renters seeking housing close to work, giving Warren Manor additional rental demand outside of its already strong within-city limits renters.

Amenities

Amenitites

  • Laundry Facilities
  • Spacious One & Two-Bedroom Floor Plans
  • Utilities Included in Rent
  • 24-Hour Emergency Maintenance
  • Keyed Common Area Entry
  • Renovated Common Areas
  • On-Site Office
  • Easy Access to Transportation & Shopping
  • Air Conditioning & Heating
  • Ceiling Fans
  • Cable Ready
  • Tub/Shower
  • Kitchen
  • Range
  • Refrigerator
  • Carpet & Vinyl Flooring
  • Dining Room
  • Walk-In Closets
  • Window Coverings

Exclusively listed by

Anthony DeMarco

SVP, Investment Sales