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Brian Cook

bcook@c21metrobrokers.com +1(810) 240-1383

$ 800,000

Est. payment | -/mo

32 Baths

32,934 SqFt

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$ 800,000

Est. payment | -/mo

Save

32 Baths

32,934 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 32,934 sqft

Price per Sqft $24

Subdivision Jefferson Park Land Co Ltd 1

MLS Listing ID 20261026593

Style CommonEntryBuilding

Full Baths 32

Year Built 1958

Lot Size 0.750 Acres

Acres 0.75

Property Sub-Type MultiFamily

Property Description

32 unit apartment building with strong value add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!

Location

State MI

County Wayne

Area Area05055Detconmorsgrathstn7Mack

Rooms

Basement Unfinished

Interior

Heating Hot Water, Natural Gas

Fireplace No

Laundry CommonArea

Exterior

Exterior Feature Lighting

Parking Features ParkingLot

Fence Back Yard, Fenced, Front Yard

Pool None

Community Features Sidewalks

Utilities Available AboveGroundUtilities

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, Poured

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Contract, Conventional, FHA, VaLoan

Listing Terms Cash, Contract, Conventional, FHA, VaLoan

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Yes

Listed by Jiryes Jarrous of Century 21 Curran & Oberski

Brian Cook

General Manager | License ID: 6501348888

+1(810) 240-1383 | bcook@c21metrobrokers.com

14440 Frankfort ST Detroit, MI 48224

Brian Cook

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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14440 Frankfort ST