Exceptional redevelopment opportunity in Detroit's rapidly revitalizing North End/Boston-Edison area. This brick multi-family property offers tremendous upside for investors, builders, and developers looking to bring a project across the finish line.Much of the heavy lifting has already been completed. The property has been taken down to the studs, providing a… Read More clean slate for your vision while eliminating much of the demolition work and uncertainty often associated with renovation projects. Approved architectural plans are already in place and have been reviewed by the City, allowing the next owner to move forward with confidence.Situated on a desirable residential block surrounded by ongoing investment and redevelopment, this property offers the opportunity to create a four unit multi configuration or a large single family residence while preserving the character and charm of the original brick structure.Whether you're looking to add to your investment portfolio, complete a value-add project, or capitalize on Detroit's continued growth, this property presents an exciting opportunity with significant potential. Seller has already started the process and is offering the property as-is, creating an opportunity for the next owner to take over and bring the project to completion.Conveniently located near Boston-Edison, major thoroughfares, downtown Detroit, restaurants, shopping, and neighborhood amenities.Bring your vision and unlock the potential of this promising Detroit investment opportunity. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of EXP Realty The Perna Team, [email protected], (888) 501-7085.
Listing Snapshot
Days Online
83
Last Updated
Property Type
Multifamily
Square Ft.
3,010
Lot Size
0.11 Acres
Year Built
1919
MLS Number
20261039214
30 Days Snapshot Of 48206
$55k
-51%
(avg) sold price
12
-20%
homes sold
93
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved, Pub. Sidewalk
Basement
Unfinished, Basement?: 1
Building
4 total units, 4 two-bedroom units, Built in 1919, Remodelled in 2024, Architectural style: Colonial, Brick, Vinyl, 3,010 total square feet, 3,010 combined square feet, 1,380 total basement square feet, Unit count: 4
Cooling
Central Air
Exterior Features
Lighting, Fenced
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Natural Gas, Public (Municipal)
Heating
Forced Air, Natural Gas
Interior Features
Cable Available, Circuit Breakers, High Spd Internet Avail, Programmable Thermostat
Lot
Lot size area: 0.11, Lot size dimensions: 35X139
Miscellaneous
Gross scheduled income: $0, Income projection: Projected, Monthly rental income: $4,000, Net operating income: $0
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Confirm your time
Fill in your details and we will contact you to confirm a time.