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$349,000
Est. payment /mo
6 Baths
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250003996
HOA Y/N true
Year Built 1918
Annual Tax Amount $2,045
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 40.00 x 200.00
Source Realcomp
Property Description
Attention investors: this is your chance to own a prime ~5,000 sq ft property near the heart of Detroit! Located just steps from Henry Ford Health System and Wayne State University, and only 10 minutes from Downtown Detroit, this property offers a high-demand location with incredible income potential.Here's what makes this property a standout deal:? Fully Gutted & Partitioned: Designed for 6 apartments, with approved plans for up to 10 units.? Framing, Plumbing & Electrical Completed: Major work done, ready for your finishing touch.? Unit Layouts Include: • (2) Two-bed, one-bath units • (4) One-bed, one-bath units • Averaging ~650 sq ft per unit? Partial Drywall Installed: Speeds up project completion.? Prime Location: Surrounded by a growing Midtown neighborhood with proximity to major employers, universities, and amenities.Whether you're looking for a long-term rental opportunity or to tap into Detroit's growing housing demand, this property is ready to transform into a cash-flowing asset.Don't miss out on this off-market deal in one of Detroit's most dynamic areas. Contact us today for details!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction S of Tireman/W of McGraw
Interior
Heating Hot Water
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Sewer Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W14I008108S
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
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Listed by Prestige Realty Group, LLC
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Nick Schweihofer
Team Leader, Broker | License ID: 6506047709
Team Leader, Broker License ID: 6506047709
REVIEWS
- Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!Gordon L
- Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!Emily Rzeszutko
- Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!Kayla Kocal
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