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$ 489,000
Est. payment | /mo
4,791 Sqft Lot
$ 489,000
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 81026002888
Year Built 1923
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type MultiFamily
Property Description
Solid brick four-unit property offering strong income potential with minimal remaining work needed before occupancy. Ideal for investors seeking a value-add or near-stabilized asset in an appreciating area.Each unit offers functional layouts with updated mechanicals and improvements already completed, allowing a new owner to finish and lease quickly. Projected rents support strong cash flow once stabilized.Adjacent vacant lot included in the sale, providing added value and future flexibility for parking, expansion, or additional development.Conveniently located near major thoroughfares, public transit, and minutes from Downtown Detroit, New Center, Midtown, Henry Ford Hospital, the Lodge Freeway, and I-96. Close to shopping, dining, and neighborhood redevelopment.Perfect for buy-and-hold investors, portfolio builders, or 1031 exchange buyers seeking upside in a high-demand rental market.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Laundry InBasement
Exterior
Community Features Sidewalks
Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Sherita Moorer of SIM Realty Group, LLC