Exceptional value-add multifamily opportunity in Detroit’s Highly Desirable Boston-Edison neighborhood. This 11,876 sq. ft. building sits on a 0.23-acre lot and is configured for 16 residential units, including six 2-bedroom units, seven 1-bedroom units, and three studio apartments, plus dedicated basement maintenance quarters. Significant improvements have already been completed, including a newer roof, dry basement, and recently scoped sewer lines. The property has been taken down to the studs and includes Detroit City- approved, stamped architectural plans, providing a streamlined path toward redevelopment and completion. Investors may follow the approved plans or customize the project to suit their own vision. Located in one of Detroit’s most Historic and sought-after neighborhoods, this property presents a rare opportunity to redevelop a substantial multifamily asset with considerable upside. Ideal for investors, developers, or owner-operators seeking a value-added project with extensive pre-development work already in place.
12 days
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332
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Zillow last checked:
Listing updated:
Listed by:
Michael Heiwig248-496-3300,
Signature Sotheby's International Realty Bham248-644-7000
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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