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27
Full Baths24,255
Square Feet
AMAZING REDEVELOPMENT OPPORTUNITY ON THIS 27 UNIT BUILDING IN THE GRAND BLVD/ MCGRAW CORRIDOR. WEST OF WAYNE STATE, WOODBRIDGE, NW GOLDBERG AND SOUTH OF CORKTOWN. MANY DEVELOPMENTS PLANNED IN THE AREA. THE BUILDING NEEDS A FULL REHAB. GREAT UNIT MIX AND GENEROUS APARTMENTS SIZES. ADDITIONAL SPACE IN THE LOWER LEVEL TO ADD UNITS. SELLER HAS PLANS FOR AN ADDITIONAL NEW 38 UNIT BUILDING AND SEVERAL TRI PLEXES NEXT DOOR. Expenses estimated at 6% mgmt fee = $19,872. Taxes $20,000. Insurance $15,000. Rehab estimated at $1 Million. Total $1,675 Million (16.7 Cap)
Type
- Multi Family
City/Township
- Detroit
Year Built
- 1920
MLS#
- 20240020791
Lot Size
- 0.38 Acres
Style
- Common Entry Building
Est. Finished Above Ground
- 24,255 sq ft
Basement
- Common, Unfinished
Road Type
- Paved
Listed By
- Re/Max Connection
County
- Wayne
Schools
District
- Detroit
Taxes
Taxes
- $7,271
Taxable Value
- 9
| MLS Number | New Status | Previous Status | Activity Date | New List Price | Previous List Price | Sold Price | DOM |
|---|---|---|---|---|---|---|---|
| 20240020791 | Active | Apr 2 2024 5:40PM | $650,000 | 48 | |||
| 2210071033 | Expired | Active | Jan 31 2024 4:57AM | 888 | |||
| 2210071033 | Nov 21 2023 4:25PM | $650,000 | $675,000 | 888 | |||
| 2210071033 | Oct 22 2021 5:21PM | $675,000 | $695,000 | 888 | |||
| 2210071033 | Active | Aug 25 2021 8:47PM | $695,000 | 888 |