11,100 SqFt
11,100 SqFt
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 11,100 sqft
Price per Sqft $96
Subdivision Virginia Pk Sub Of Pt Of1/4 Sec 55 Ttat
MLS Listing ID 20261018059
Year Built 1916
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type BusinessandRealEstate
Property Description
The building features a diverse unit mix including six 2-bedroom units, two spacious 5-bedroom units, and one 4-bedroom unit—ideal for maximizing rental income. All units are currently occupied, providing immediate cash flow. All of the units were renovated in 2015 with 2 being renovated within 2 years with new kitchens.
Significant updates include a freshly painted exterior (2025) and brand-new gutters (2025). Multiple units have been remodeled in 2024–2025, enhancing overall appeal and value. Each unit is equipped with central air conditioning, newer furnaces, hot water tanks, and updated appliances, including in-unit washers and dryers. Additional features include semi-finished basements, ADT alarm systems, and an exterior security camera system.
Owned and professionally managed for over 20 years, this property reflects consistent care and attention. Conveniently located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways, making it highly attractive to tenants.
Turnkey, fully occupied, and positioned in a high-demand area—this is a rare opportunity to add a solid performing asset to your portfolio. 16,546 Est Tot Fin: includes basements each with own baths. New Occupancy Permit as of April 2026. “All the leases are (1) year and (1) Section 8 tenant.
All tenants are employed except the (1) Section 8.
No notices to vacate. All leases renew within a year if they decide to renew
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
View Y/N No
Roof Type ENERGYSTARShingles
Garage false
Building
Foundation Basement, BrickMortar
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Virtual Tour https://unbranded.visithome.ai/SEuBtWGTXdh9gxK4zoLWus?mu=ft&t=1775569532
