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Multi-Unit Investment Property for Sale in Detroit
Exceptional opportunity to own a multi-unit residential property in a prime Detroit location with tremendous upside potential. Rich in character, the building features beautifully preserved original wood finishes, multiple fireplaces, spacious open living areas, and a blend of classic architecture with select modern opportunity, including some vinyl windows and a bathroom already updated.
Outside, a gated rear parking slab provides added convenience for residents. Ideally located just west of Corktown, close to the Detroit River, and just minutes from New Center neighborhood where the $3 billion Future of Health development is planned; a landmark joint venture between Henry Ford Health, Michigan State University, and the Detroit Pistons organization. When complete, this project will add a 1.2 million sq ft hospital tower, a 335,000 sq ft research center, and 662 new mixed-income apartments within short distance of this property. The demand that follows that kind of institutional investment — healthcare workers, university staff, researchers, and support personnel means that this property offers an outstanding opportunity for investors or owner-occupants looking to bring their vision to life in one of Detroit's most sought-after areas.
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Zillow last checked:
Listing updated:
Listed by:
Theodius Cross313-680-5226,
Avenue Group Homes, LLC248-630-3099
Source: Realcomp II,MLS#: 20261066404
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 6
Full bathrooms: 4
1/2 bathrooms: 1
Heating
Forced Air, Natural Gas
Features
Basement: Unfinished
Has fireplace: No
Interior area
Total interior livable area: 4,625 sqft
Finished area above ground: 4,625
Property
Features
Levels: Three
Stories: 3
Pool features: None
Lot
Size: 6,098 Square Feet
Dimensions: 45 x 132
Details
Parcel number: W12I009800S
Zoning description: Residential
Special conditions: Short Sale No,Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Duplex
Property subtype: Duplex
Materials
Brick
Foundation: Basement, Block
Condition
New construction: No
Year built: 1905
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Subdivision: GROSFIELD & SCHULTES SUB OF E PT OF PC 78PLATS