Exceptional value-add multifamily opportunity in Detroit's Highly Desirable Boston-Edison neighborhood. This 11,876 sq. ft. building sits on a 0.23-acre lot and is configured for 16 residential units, including six 2-bedroom units, seven 1-bedroom units, and three studio apartments, plus dedicated basement maintenance quarters. Significant improvements have already been completed, including… Read More a newer roof, dry basement, and recently scoped sewer lines. The property has been taken down to the studs and includes Detroit City- approved, stamped architectural plans, providing a streamlined path toward redevelopment and completion. Investors may follow the approved plans or customize the project to suit their own vision. Located in one of Detroit's most Historic and sought-after neighborhoods, this property presents a rare opportunity to redevelop a substantial multifamily asset with considerable upside. Ideal for investors, developers, or owner-operators seeking a value-added project with extensive pre-development work already in place. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Signature Sotheby's International Realty Bham, [email protected], (248) 644-7000.
Listing Snapshot
Days Online
31
Last Updated
Property Type
Multifamily
Square Ft.
11,878
Lot Size
0.23 Acres
Year Built
1926
MLS Number
20261047364
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, Alley
Basement
Unfinished, Basement?: 1
Building
16 total units, 3 efficiency units, 7 one-bedroom units, 6 two-bedroom units, Built in 1926, Architectural style: Upper/Lower Apartment, Brick, 11,878 total square feet, 11,878 combined square feet, 6,000 total basement square feet, Unit count: 16
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal), Water at Street
Heating
Forced Air, Other
Lot
Lot size area: 0.23, Lot size dimensions: 91.4X108
Miscellaneous
Gross scheduled income: $0, Income projection: Projected, Monthly rental income: $0, Net operating income: $0
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