MultiFamily Investor Alert in the McDougall-Hunt area 1 mile outside Downtown Detroit located 1 block outside The Eastern Market on a double lot and walking distance from The Dequindre Cut Greenway connection to the Joe Lewis Greenway - a 27.5 mile bike and walking trail. This sizable home can be used as a two family residential home, a large single family home or mix use building for residential / business purpose with the right city approval and the right expert loving professional touch. Can be purchased with 2821 HALE Street as a package. Located near Forest Park, Mt. Elliott-Zender Park, Michigan International Prep School - Detroit, Early College of Excellence, Detroit Edison Public School Academy, public transportation, major highways, grocers and other merchants of convenience. Buyer agent to verify all information and water read. Warranty deed transfer. $495 Office transaction fee payable at closing. ~BATVAI~
Introducing a rare opportunity to acquire 2941 East Warren, a historic four-story building located in the charming Poletown neighborhood of Detroit. This unique 29,400 square foot property, formerly the Banner Cigar Manufacturing Company, sits on 0.28 acres of land and is ideal for a stunning apartment or condominium conversion. Priced at $1,100,000, this property offers immense potential for redevelopment. Conveniently situated near major freeways and downtown Detroit, 2941 East Warren provides an excellent investment opportunity in a rapidly developing area. The sale also includes adjacent properties at 5013 & 5021 Mitchell, further enhancing its value. Don't miss the chance to own a piece of Detroit's history and shape its future. Property Sold AS IS BATVAI
Welcome to this great Duplex ready to be renovated all of the hard work was done as this property has been stripped down to its studs. This multi unit features two three bedroom units with each unit having a full bath. This duplex is also mins from downtown with tons of potential. Please be advise all measurements are estimated.
Investor Special!!! Welcome to the land of opportunity in this Vintage Property. Currently set as two units with the possibility of a third, this property boasts plenty of opportunity for a tremendous return. With private entry into each unit, the main floor hosts 3beds/1bath while the second floor is 2beds/1bath. Third floor may be transformed into a Studio/1Bed unit. Newer Boiler system, newer Roof and original hardwood floors throughout. Don't miss this chance on a great investment.
PRIME LOCATION NEAR DOWNTOWN CENTRAL BUSINESS DISTRICT AND EASTERN MARKET. LARGE DUPLEX WITH 4 BEDROOMS AND A LOFT IN EACH UNIT. 1.5 BATHROOM IN EACH UNIT. SEPARATE UTILITIES. NEEDS RENOVATIONS AND REHAB. EXCELLENT INCOME PRODUCER OR LIVE IN ONE UNIT AND RENT OUT THE OTHER UNIT. VERY SPACIOUS THROUGHOUT.
This duplex presents a prime investment opportunity in a rapidly growing area of Detroit's Eastside. The property features two unitsââ?¬â??one with 3 bedrooms and 1 bath, and another with 2 bedrooms and 1 bathââ?¬â??offering flexibility for rental income or conversion to a single-family home for maximum ARV potential. Recent upgrades include a new roof, gutters, and electrical system (2024), along with a new sewer line, water main, and gas lines, all inspected by the City of Detroit. The property also boasts newly enclosed porches, enhancing both its functionality and appeal. Additionally, two adjacent lots are available for purchase through the City of Detroit for just $100 each, providing further development opportunities. The seller will include newly purchased windows with a reasonable offer. Donââ?¬â?¢t miss this chance to invest in a promising and evolving neighborhood! *BATVAI Please have showings accompanied by licensed agent.
UP and coming Neighborhood, Beautiful brick 2 family flat I
2 SHORT-TERM RENTAL UNITS, 1 COMMERCIAL RETAIL, 1 OFFICE LOFT Opportunity knocks: 3-unit turnkey investment property. Detroit Superhost Management Two, 4 Bed 1.5 Bath STR units One Retail unit One Office Loft Alley access to fenced-in yard. Located on the edge of Eastern Markets expansion zone. Ask for complete details: 2022-24 Operating Expenses and NOI
3101 Canton is a solid brick, four-unit building in the Islandview neighborhood of Detroit, adjacent to West Village, Indian Village and nearby Belle Isle. Each unit is roughly 1,000 square feet with a two-bedroom, one-bathroom layout.
Investment opportunity in this multi-family located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Estimated rehab 223$k. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. The tax capture might be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Welcome to the latest offering from the Detroit Land Bank Authority. Brick 2 family flat in need of a total rehab. This property also includes the adjacent lots at 4603 Meldrum and 4619 Meldrum. Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. DLBA proposal guidelines are attached for review. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
The median home value in Detroit, MI is $71,600. This is lower than the county median home value of $150,200. The national median home value is $338,100. The average price of homes sold in Detroit, MI is $71,600. Approximately 36.89% of Detroit homes are owned, compared to 39.44% rented, while 23.66% are vacant. Detroit real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Detroit real estate agent to arrange a tour today!
Detroit, Michigan 48207 has a population of 645,658. Detroit 48207 is less family-centric than the surrounding county with 16.17% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Detroit, Michigan 48207 is $34,762. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Detroit 48207 is 35 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 33.5 inches per year, with 33 inches of snow per year.