O'Connor Real Estate is pleased to present 5764 Woodward Ave, a fully renovated six- unit apartment building in Detroit's Cultural District of Midtown. Each unit offers three bedrooms and two bathrooms. The property underwent a comprehensive renovation in 2020, including interior upgrades, mechanical system improvements, and facade restoration. Additional value-add… Read More opportunities include completing the one-bedroom garden-level unit and securing a market-rate lease for the billboard. A 15-year NEZ tax abatement took effect in December 2021. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of O'Connor Realty Detroit, LLC, [email protected], (313) 963-9891.
Listing Snapshot
Days Online
40
Last Updated
Property Type
Multifamily
Square Ft.
1,160
Lot Size
0.15 Acres
Year Built
1905
MLS Number
20261017643
30 Days Snapshot Of 48202
$118k
+8%
(avg) sold price
11
+37%
homes sold
103
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
6 total units, 3 leased units, 6 three-bedroom units, Built in 1905, Remodelled in 2020, Architectural style: Other, Brick, 1,160 total square feet, 1,160 combined square feet, 3,866 total basement square feet, Unit count: 6
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.15, Lot size dimensions: 60x114
Miscellaneous
Gross scheduled income: $156,140, Income projection: Actual, Monthly rental income: $12,600, Net operating income: $77,111
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