Friedman Sells 58-Unit Detroit Community

9501 Iris Manor LLC purchased Iris Manor from Thornton Enterprise LLC. The three-story property features one- and two-bedroom units and is close to Wayne State University and the University of Michigan-Dearborn.
The Iris Manor in Detroit

The Iris Manor in Detroit

Friedman Integrated Real Estate Solutions, a provider of commercial real estate services, recently sold Iris Manor, a 58-unit multifamily property in Detroit. Thornton Enterprise LLC sold the asset to 9501 Iris Manor LLC for an undisclosed amount. Friedman Senior Investment Advisor Ryan Cohn and Friedman VP David Cohen, represented the seller in this transaction.

Located at 9501 Iris St. in the Mackenzie neighborhood, the 1969-built property is just three miles from I-96 and approximately 11 miles from downtown Detroit. Wayne State University is within a 15-minute drive and the University of Michigan-Dearborn is 7 miles away. Walkways along the Detroit River are fewer than 15 miles away.

Friedman manages more than 140 commercial properties encompassing approximately 16 million square feet and more than 10,000 apartment homes throughout the U.S.

Image courtesy of Friedman Integrated Real Estate Solutions