Dolphin Gardens is comprised of 76 one-bedroom/one-bath apartments; 50 two-bedroom/one-bath apartments; one single-family home; and one office. The current owner has invested significant capital in extensive renovations, modernizing 89 units with new kitchens, bathrooms, and flooring. Additional improvements include upgrades to furnaces, hot water tanks, boilers, laundry facilities, and common areas—positioning Dolphin Gardens as a well-maintained, income-stabilized investment opportunity within Detroit’s strong rental market. The property offers excellent connectivity, positioned near I-94 and U.S. Route 24 (Telegraph Road), two major corridors linking Detroit to its surrounding suburbs and key employment centers. Anchored by top cultural institutions and universities, and bolstered by projects like the Detroit Center for Innovation and Michigan Central Innovation Center, the region is rapidly emerging as a hub for technology, education, and investment. Dolphin Gardens Apartments is a well-maintained 130-unit multifamily community located at 12850 Dolphin Street in Detroit, Michigan. Spanning 18 buildings, the property offers a balanced mix of unit types and heating systems designed for efficient operations. The primary building includes 48 boiler-heated units with ownership providing gas and water, while tenants pay for electricity. The remaining 82 units are equipped with individual furnaces and are separately metered for gas and electric, with ownership covering water ser
General Information
Sale Price: $5,980,000
Price/SqFt: $52
Status: Active
MLS#: rcomi20251053183
Originating MLS: Realcomp2
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 4.17
Lot Dimensions: 160x160
Size: 115,219 sq.ft.
Acreage: 4.17 est.
Year Built: 1955
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $1,543 Est. Winter Taxes: $160,000
