$1,150,000
$1,225,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
15 Beds
11,008 SqFt
SOLD DATE : 02/21/2025
Key Details
Sold Price $1,150,000
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 11,008 sqft
Price per Sqft $104
Subdivision Sub Of Pt Cass Farm (Also P 176-7 Plats)
MLS Listing ID 20240030768
Sold Date 02/21/25
Bedrooms 15
Originating Board Realcomp II Ltd
Year Built 1918
Annual Tax Amount $4,863
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 50.00 x 207.00
Property Sub-Type Real Estate Only
Property Description
Prime location in the heart of midtown downtown Detroit. Opportunity knocks for this great potential to finish and renovate a multi-family apartment complex. The 3-story investment is located in the historic district and is conveniently located near landmarks in downtown Detroit. Central and convenient to lifestyle amenities and entertainment. This complex offers lucrative opportunities. Which consists of 15 units total, each unit consists of 1-bedroom, full bathroom, living room, dining room and a kitchen. 5 of 15 units are occupied. Full parking lot in the rear of the complex. It is a rare opportunity indeed to invest. Property is sold AS IS. Buyer responsible for all City of Detroit Compliance. This property is zoned class SD1 (Mixed Use). Buyer and Buyers agent to confirm zoning and building code guidelines for inspections, permits, and city of Detroit compliance. Contact City of Detroit for the ZVL letter to find out the current legal use. Proof of funds and approved buyers only. All data and measurements are approx. Buyer's agent to verify all information.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Direction N. Mack Ave / W. Woodward Ave
Exterior
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W02I000840S
Ownership Short Sale - No,Private Owned
Assessment Amount $100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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