Grand Victorian Investment Opportunity – Prime Detroit Multi-Family Rare Find: Historic 3,084 SF Multi-Family Gem with Major Exterior Work Complete Discover an exceptional value-add opportunity just minutes from downtown Detroit. This substantial 1916-built multi-family property in the Gratiot-Grand neighborhood combines old-world craftsmanship with modern investment potential—and significant exterior restoration already invested. What I Love About This Home This is a beautiful brick home situated on a great block in an up-and-coming neighborhood that's close to downtown. The solid construction, tree-lined street, and proximity to all that downtown Detroit has to offer make this a rare opportunity for investors who can see the potential beneath the surface. Property Highlights ??? Impressive Scale & Bones Generous 3,084 square feet across multiple units Solid century-old construction built to last 2 bedrooms | 3 bathrooms Expansive 6,534 SF lot providing excellent land value ?? Unbeatable Location Minutes from downtown Detroit – prime proximity to employment, entertainment & dining Major corridor access via Gratiot Avenue Established Gratiot-Grand neighborhood with strong fundamentals Riding the wave of Detroit's urban renaissance ? Major Exterior Investment Complete Extensive professional brickwork throughout the property Missing bricks replaced on main structure, front steps, and porch Structural integrity enhanced and preserved Curb appeal foundation established Costly exterior restoration work already handled ?? Investment Advantages Multi-family income potential – multiple revenue streams from day one Downtown proximity drives strong rental demand and appreciation Reduced renovation timeline – significant exterior work complete Strong fundamentals – robust structure with recent masonry investment ZIP 48207 – positioned in Detroit's growth corridor The Opportunity This is a full rehabilitation project ideal for experienced investors, developers, or renovation specialists seeking substantial upside. With the costly and labor-intensive brickwork already completed, you can focus your budget and efforts on interior transformation and systems upgrades. Important Note: Buyer may be required to enter into a development agreement with the City of Detroit outlining rehabilitation timeline and scope of work. The grand scale, solid foundation, completed exterior masonry, and downtown proximity provide the perfect platform for transformation into: High-end multi-family rental units capitalizing on downtown worker demand Owner-occupied multi-generational home with income potential Luxury conversion showcasing historic character Value-add flip with significant profit margins Perfect for: Investors seeking cashflow properties | Fix-and-flip specialists | Developers with vision | Portfolio builders ?? 3934 Helen Street, Detroit, MI 48207 Smart money starts here. Exterior foundation complete, downtown minutes away—bring your interior vision and capture the upside. Development Agreement: Prospective buyers should be prepared to work with the City of Detroit on rehabilitation commitments.
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