669 W Canfield Street, Detroit, MI 48201 1192
669 W Canfield Street, Detroit, MI 48201 1192
669 W Canfield Street, Detroit, MI 48201 1192
669 W Canfield Street, Detroit, MI 48201 1192
669 W Canfield Street, Detroit, MI 48201 1192
669 W Canfield Street, Detroit, MI 48201 1192
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Shannon Bagdonas

Shannon Bagdonas

+1(313) 766-8387
$ 1,450,000
Est. payment | /mo

8 Baths

5,687 SqFt

Save
$ 1,450,000
Est. payment | /mo
Save

8 Baths

5,687 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 5,687 sqft

Price per Sqft $254

Subdivision Mi

MLS Listing ID 61024139

Full Baths 8

Year Built 1880

Annual Tax Amount $30,281

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 50x190

Property Sub-Type Multi-Family

Property Description

CANFIELD HISTORIC DISTRICT-Rare opportunity to own a historic Queen Anne property configured as a 4-unit investment property with 3 units in the main residence and 1 fully renovated Carriage House. The property offers existing rental income with additional value-add potential through the unfinished third-floor/attic unit that has approved architectural plans for an approximately 1,433 sq. ft. attic studio with a private balcony. Extensive improvements have been completed throughout the property, including leveling of the first and second floors, new subfloors and engineered hardwood flooring, wallpaper removal and wall restoration, Victorian-style chandeliers, renovated kitchen and baths, luxury primary ensuite with marbled porcelain tile, soaking tub, walk-in shower and double vanities, basement improvements with bonus room and epoxy flooring, sealed basement walls and asbestos removal. Additional improvements include all-new HVAC systems, furnaces and A/C units, complete ductwork replacement, updated electrical with new wiring and 200-amp panel, new electric meter and GFCI outlets, gas fireplace conversions, interconnected smoke and CO detectors, structural reinforcement with new supports, restored front porch, decorative tile installation and tuck-pointing. The fully modernized 1885 Carriage House features a kitchen, 1.5 baths, septic repair and wildlife mitigation. Additional features include a private driveway, spacious backyard and approved architectural plans for future attic development. Tax incentives include PRE and NEZ, with a PILOT (Payment in Lieu of Taxes) application submitted. When approved, the PILOT structure is expected to significantly reduce the property's annual tax, with projected taxes of approximately $3,333 per year for the entire property. BAVAI Excellent opportunity for an investor seeking a historic 4-unit property with substantial improvements, existing income, and significant additional value-add potential.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Residential

Rooms

Basement Partially Finished

Interior

Heating Forced Air

Cooling Central A/C

Fireplace No

Exterior

Exterior Feature Brick

Building

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Golden Key Realty Group LLC

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Shannon Bagdonas
Shannon Bagdonas

Team Lead / Broker Partner

+1(313) 766-8387

movinginmichigan.net

6838 Park Ave, Allen Park, MI 48101-2036, USA

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669 W Canfield Street