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17 photos
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$1,200,000
Est. payment /mo
18 Baths
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251055380
Year Built 1927
Annual Tax Amount $3,962
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 80X110
Source Realcomp
Property Description
investment Opportunity: 18-Unit Multifamily Apartment Building – Detroit, MI!!!!Fully remodeled 18-unit brick apartment building in a strong rental pocket of Detroit, just 10 minutes from Downtown and New Center. Perfect turn-key cash flow property for investors looking to acquire a stabilized asset with immediate income and upside potential.- 18 spacious units (mix of 1-bed and 2-bed layouts)3 stories with solid brick construction, Approximately 50% occupied – collect rents Day 1 while filling the remaining units at market rates Located in a high-demand rental area with consistent tenant interest Extensive recent renovations completed -newer roof All new energy-efficient windows New carpet & flooring throughout units and common area Freshly painted interiors and exteriors New interior & exterior doors Completely updated electrical systems, newer plumbing and hot water tanksStrong cash flow opportunity with value-add upside as remaining units are leasedPriced aggressively for quick sale – ideal for 1031 exchange buyers, private investors, or funds looking for stable Detroit multifamily with proven rents and low maintenance for years to come.Don't miss this rare fully renovated, cash-flowing 18-unit building in one of Detroit's rebounding neighborhoods!For financials, rent roll, and private tour, contact listing agent today.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction WEST ON DAVISON TO SOUTH ON LASALLE
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W10I008803S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Munoz Realty Inc
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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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