UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 4,625 sqft
Price per Sqft $56
Subdivision Grosfield & Schultes Sub Of E Pt Of Pc 78Plats
MLS Listing ID 20261066404
Style Duplex
Full Baths 4
Half Baths 1
Year Built 1905
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type MultiFamily
Property Description
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.
Location
State MI
County Wayne
Area Area05101Detsouthofgrandriver
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
NEARBY SCHOOL & BUSINESS
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