14800 E Vernor Highway, Detroit, MI 48215
14800 E Vernor Highway, Detroit, MI 48215
14800 E Vernor Highway, Detroit, MI 48215
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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134
$700,000
Est. payment /mo
9 Baths
3,049 Sqft Lot
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261057305

HOA Y/N true

Year Built 1925

Annual Tax Amount $22,141

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 31.65X100

Source Realcomp

Property Description

9-Unit Brick Asset | East Detroit / Grosse Pointe Park BorderAcquire at a Detroit basis with immediate Grosse Pointe Park demand. Located on a prominent hard corner (Vernor Hwy & Ashland St), this durable 1925 brick building offers a mid-repositioning opportunity with reliable cash flow and clear upside.Key Investment HighlightsFully Occupied: Stable, turn-key income in place today (6 of 9 units are Section 8).Prime Border Location: High visibility, strong traffic counts, and spillover demand from neighboring Grosse Pointe Park.Value-Add Upside: Mid-repositioning asset with significant opportunity to mark rents to market on turnover.Favorable Terms: Located in FEMA Flood Zone X (lower insurance costs, cleaner financing).Strategic Access: Minutes from Mack Ave retail, Alter Rd, and Downtown Detroit.East-side corridor assets this close to the Pointes move quickly.

Location

State MI

County Wayne

Zoning Multi-Family

Direction East Vernor West Of Alter And North Of Kercheval

Interior

Heating Forced Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W21I062064S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Black Diamond Realty

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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134

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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