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$625,000
Est. payment /mo
8,984 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 8,984 sqft
Price per Sqft $69
Subdivision Western Rouge Park
MLS Listing ID 20251030310
Year Built 1948
Property Sub-Type BusinessandRealEstate
Property Description
Discover this well-maintained 11-unit apartment building located in the heart of Detroit. The property features 4 spacious two-bedroom units and 7 comfortable one-bedroom units, offering a versatile mix to attract a wide range of tenants.
Strong Occupancy: 9 of 11 units currently leased, providing immediate cash flow.
Tenant-Paid Utilities: Each unit is separately metered for electric, with tenants responsible for their own usage.
Landlord-Paid Water: Simplifies utility management for residents.
Investment Potential: Opportunity to increase income with two vacant units ready for new tenants or updates.
This property is ideal for an investor seeking a stable, income-producing asset with room for growth. Conveniently located near major roads, schools, and amenities, this building offers both short- and long-term upside potential in Detroit's rental market.
*Showings by appointments by only.
Strong Occupancy: 9 of 11 units currently leased, providing immediate cash flow.
Tenant-Paid Utilities: Each unit is separately metered for electric, with tenants responsible for their own usage.
Landlord-Paid Water: Simplifies utility management for residents.
Investment Potential: Opportunity to increase income with two vacant units ready for new tenants or updates.
This property is ideal for an investor seeking a stable, income-producing asset with room for growth. Conveniently located near major roads, schools, and amenities, this building offers both short- and long-term upside potential in Detroit's rental market.
*Showings by appointments by only.
Location
State MI
County Wayne
Area Area05034Detjoyschoolcraftgrnfldlimits
Interior
Heating ForcedAir, NaturalGas
Exterior
View Y/N No
Garage false
Building
Sewer PublicSewer, SewerAtStreet
Water Public
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSale, Standard
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©2025 Realcomp II Ltd. Shareholders
Listed by Kestiny Todd of EXP Realty Main
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Coldwell Banker Town & Country Real Estate
Broker | License ID: 308761
Broker License ID: 308761
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