MI > Detroit
Detroit, MI 48213,8525 Maxwell Street
Detroit, MI 48213,8525 Maxwell Street
Detroit, MI 48213,8525 Maxwell Street
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Nick Schweihofer

Nick Schweihofer

+1(616) 566-4619
$550,000
Est. payment /mo
14 Baths
0.27 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20251028912

Year Built 1927

Annual Tax Amount $30,249

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 244.14X47.73

Source Realcomp

Property Description

Opportunity awaits with this solid brick 14-unit multifamily building located on Detroit's east side. The property was recently foreclosed on by a hard money lender and is being sold as-is. 14 units, two story brick, currently tenant-occupied (lease/rent roll status unknown). Buyer should expect potential evictions or tenant turnover after purchase. Strong rental demand in the area with upside for stabilized cash flow after repositioning. Close to major freeways, local schools, and neighborhood redevelopment activity. This is a value-add investment opportunity for an experienced investor or property manager who can stabilize the building and maximize its long-term potential.

Location

State MI

County Wayne

Area Wayne County - 100

Zoning Multi-Family,Residential

Direction S of Harper / E of Van Dyke

Rooms

Basement Crawl Space

Interior

Heating Steam

Exterior

View Y/N No

Building

Sewer Public

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W17I008486S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Golden Key Realty Group LLC

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agent

Nick Schweihofer

+1(616) 566-4619

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • 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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