Four-unit investment opportunity near Detroit's New Center! Located at 1626 Gladstone, this vacant quadplex features two bedrooms and one full bathroom in each unit, for a total of eight bedrooms and four bathrooms.Three units have been recently renovated, giving the next owner a strong head start toward completing and operating… Read More the property. Renovations are still underway, and additional repairs and finishing work are needed throughout the building. With all four units currently vacant, the property offers flexibility for continued improvements, tenant placement, and future management.Conveniently located near Henry Ford Hospital, Wayne State University, New Center, and major Detroit thoroughfares. Property is being sold as-is. The buyer and buyer's agent must independently verify all information, including property condition, unit count and configuration, measurements, square footage, zoning, potential income, rental requirements, and municipal requirements. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of JP Dwellings, [email protected], (734) 757-5194.
Listing Snapshot
Days Online
26
Last Updated
Property Type
Multifamily
Square Ft.
3,320
Lot Size
0.12 Acres
Year Built
1920
MLS Number
20261071411
30 Days Snapshot Of 48206
$201k
+70%
(avg) sold price
18
+12%
homes sold
95
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
4 total units, 4 two-bedroom units, Built in 1920, Architectural style: Quadruplex, Brick, 3,320 total square feet, 3,320 combined square feet, 1,380 total basement square feet, Unit count: 4
Fireplaces
Fireplace?: 0
Foundation
Basement, Michigan Basement
Garage
Garage?: 0
Water Features
Water at Street
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.12, Lot size dimensions: 40X134.21
Miscellaneous
Gross scheduled income: $52,800, Income projection: Projected, Monthly rental income: $4,400, Net operating income: $50,000
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.
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