Alden Towers offers a unique investment opportunity to acquire an iconic waterfront multifamily asset in the midst of Detroit’s current renaissance. Aside from Alden’s natural charm and timeless architecture, this asset offers both strong current cash flow as well as significant upside potential.

Leveraging Alden Tower’s excellent physical condition and strong occupancy, additional value enhancement is available through strategic interior upgrades complementing the renovations of 2007-2010. Beautifully positioned on the banks of the Detroit River, the property is in the desirable Gold Coast of Detroit, the latest downtown sub market to experience significant population and rent growth. This location is in close proximity to the CBD and is adjacent to Indian Village, West Village and Belle Isle, “The Gem of the City”. Alden Towers offers residents an affordable alternative to the high rent districts in the Downtown and Midtown neighborhoods, while providing access to all that Detroit has to offer.

Iconic Historic Building Minutes From Downtown Detroit Tremendous Value-Add Potential Exceptional Location With Beautiful View on the Banks of the Detroit River Fabulous Proximity To Employment and Entertainment Renovations Have Exceeded $9 Million Excellent Market Metrics – Strong Occupancy and Annual Rent Growth

Amenities

Unit Amenities

  • Fully Remodeled Units
  • Granite-Like Countertops
  • Stainless Steel Appliances
  • Large Closets
  • Charming Built-Ins
  • Hardwood Floors
  • Carpet
  • Two-Tone Paint
  • Crown Molding
  • Bay Windows
  • Premium Views
  • Window Coverings
  • Oak Cabinets with Hardware

Community Amenities

  • Premier Riverfront Location
  • Historic Building
  • Gated Community
  • Controlled Building Access & Courtesy Patrol
  • Reserved Underground Valet Parking
  • 24-Hour Emergency Maintenance
  • Wireless Internet
  • Fitness Center
  • Package Acceptance Service
  • State-of-the-Art On-Site Laundry
  • Concierge Service
  • Grand Lobby
  • River Courtyard
  • Grill Station with Tables and Benches
  • Complimentary Bike Storage & Maintenance Station
  • Online Rent Payment Service
  • Multiple Elevators & Freight Elevator Available
  • Minutes from Belle Isle State Park
  • Maven Car-Share Available

Rick Brace

Senior Director

248.341.3319

Rick.Brace@Berkadia.com

Rick Vidrio

Managing Director

248.341.3325

Rick.Vidrio@Berkadia.com

Kevin Dillon

Senior Managing Director

248.341.3309

Kevin.Dillon@Berkadia.com

Jason Krug

Managing Director

248.341.3344

Jason.Krug@Berkadia.com

Charley Henneghan

Associate Director

248.341.3303

Charley.Henneghan@Berkadia.com

DETROIT OFFICE

28411 Northwestern Highway Suite 300

Southfield, MI 48034

Phone: 248.646.7701

Berkadia.com

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.

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