Sold for $625,000

$625,000

1432 Gratiot Ave, Detroit, MI 48207

4beds

7,218sqft

Multi Family

Built in 1932

-- sqft lot

$659,500 Zestimate^®

$87/sqft

$1,738 Estimated rent

Home value

$659,500

$587,000 - $739,000

$1,738/mo

Zestimate^® history

Owner options

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$1,738/mo

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$1,738/mo

Rent Zestimate^®

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$4,325/mo

Est. payment

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$4,325/mo

Est. payment

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What's special

HIGHEST AND BEST OFFERS DUE BY 2/4/25 AT 5PM. Here is a superbly located historic 4 unit commercial building in the Eastern Market on Gratiot. This gem features Four units that have last been used as apartments. This is a great value add opportunity to add to your existing portfolio. The Two units on the Second floor a loft style with exposed brick, hardwood floors and great lighting. The Two units on the First floor were historically storefronts with the original tin ceilings that were converted to apartments with full basements. You could add your business to the First floor or keep them as apartments. This property has been kept in great condition and is ready for a new buyer to come in and get a great return on their investment. Income is projected. Property sold AS IS BATVAI

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 6
Full bathrooms: 4
1/2 bathrooms: 2

Heating

Forced Air, Natural Gas, Radiant

Features

Basement: Finished
Has fireplace: No

Interior area

Total interior livable area: 7,218 sqft
Finished area above ground: 5,476
Finished area below ground: 1,742

Property

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 2,178 sqft
Dimensions: 44 x 52

Details

Parcel number: 07000779.
Zoning description: Commercial, MultiFamily, Multiple
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Art Deco,Historic
Property subtype: Multi Family

Materials

Brick
Foundation: Basement, Brick Mortar

Condition

New construction: No
Year built: 1932
Major remodel year: 1932

Utilities & green energy

Sewer: Sewer At Street
Water: Waterat Street

Community & neighborhood

Location

Region: Detroit
Subdivision: FRASERS SUB OF PT OF GUOIN FARM

Other

Other facts

Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Warranty Deed

Price history

Date	Event	Price
2/12/2025	Sold	$625,000-3.8%$87/sqft
Source: Realcomp II #20250005289 Report a problem
2/5/2025	Pending sale	$650,000$90/sqft
Source: Realcomp II #20250005289 Report a problem
1/24/2025	Listed for sale	$650,000-45.6%$90/sqft
Source: Realcomp II #20250005289 Report a problem
6/6/2023	Listing removed	--
Source: Real Estate One Report a problem
9/15/2022	Listed for sale	$1,195,900$166/sqft
Source: Realcomp II #20221041890 Report a problem