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In-PersonVirtual Tour
$ 140,000
Est. payment | /mo
8,648 SqFt
$ 140,000
Est. payment | /mo
8,648 SqFt
Open House
Fri Aug 07, 4:00pm - 6:00pm
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 8,648 sqft
Price per Sqft $16
Subdivision Mi
MLS Listing ID 60968733
Annual Tax Amount $7,656
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 153.00X102.00
Property Sub-Type Commercial/Industrial
Property Description
8-unit brick multi-family investment opportunity in Detroit. Property features a new roof and has been fully interior demoed down to the studs, providing a true blank slate for redevelopment and value-add potential. Seller/agent has a full scope of work available, including a project proposal from a licensed contractor with detailed plans, unit layouts, and modern finish concepts for each unit, allowing investors to move forward with a clear renovation vision and execution plan. Projected market rents estimated between $950-$1,200 per unit once completed. Ideal for investors, buy-and-hold, or portfolio expansion strategies seeking strong future cash flow and appreciation.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family,Commercial
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership Private
Financing Cash,Conventional,Exchange/Trade
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main
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Shannon Bagdonas
Team Lead / Broker Partner