Detroit MI Multi Family for Sale

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Open House:

Sunday, 11/10 12:00-2:00PM

Type:
Multi-Family
Sq.Ft.:
2,860
Status:
Active
Beds:
n/a
Lot size:
0.08 Acres
Year built:
1912
Baths:
2.00
MLS#:
60348081
Subdivision:
MILLS SUB NO 4 (PLATS)

ADDITIONAL INFORMATION

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.

Type:
Multi-Family
Sq.Ft.:
1,511
Status:
Active
Beds:
n/a
Lot size:
0.25 Acres
Year built:
1911
Baths:
3.00
MLS#:
60347846
Subdivision:
MILLS SUB NO 3 (PLATS)

ADDITIONAL INFORMATION

24 HOUR NOTICE FOR SHOWINGS> NO EXCEPTIONS>Long term tenants who would like to stay. Lower level at 1200. Upper level currently 900.00.All month to month. Tenants would like to stay Appliances belong to the tenants.Solid Duplex in the highly desirable Islandview district!!Close to Belle Isle,West Village, Indian Village Detroit River activities and downtown is just minutes away!!Income producer with much of the original hardwood throughout.Hardwood floors throughout!! The hiome needs some maintenance and updating but is in solid shape!!Many new projects on this street and the surrounding streets. Part of the area where Dan Gilbert has given millions in funds to increase the upgrade of the neighborhoods. Great investment opportunity!!

Type:
Multi-Family
Sq.Ft.:
2,300
Status:
Active
Beds:
n/a
Lot size:
0.13 Acres
Year built:
1914
Baths:
MLS#:
70437039

ADDITIONAL INFORMATION

Upper/Lower Flat could be a great Airbnb, rental, or live in one and rent the other. Bring your paint brush and build sweat equity. Area rents are around $1,000 so live in one unit and let your tenant pay! The house needs work. New flooring, paint, kitchen remodel and bath updates. The price is right for someone handy or an investor who wants to live close to downtown! The neighborhood is transitioning and this is the right time and the right price to buy. BOTH units are included for only $64,000.

Type:
Multi-Family
Sq.Ft.:
3,188
Status:
Active
Beds:
n/a
Lot size:
0.1 Acres
Year built:
1908
Baths:
4.00
MLS#:
60347216
Subdivision:
GEORGE HUNT FARM (ALSO P GS 252-3) (DEEDS)

ADDITIONAL INFORMATION

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.

Type:
Multi-Family
Sq.Ft.:
2,262
Status:
Active
Beds:
n/a
Lot size:
0.07 Acres
Year built:
1912
Baths:
2.00
MLS#:
60336276
Subdivision:
KLUSMANNS SUB OF PT OF PC 573

ADDITIONAL INFORMATION

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.

Type:
Multi-Family
Sq.Ft.:
2,516
Status:
Active
Beds:
n/a
Lot size:
0.08 Acres
Year built:
1913
Baths:
3.00
MLS#:
60335331
Subdivision:
TEFFTS SUB (PLATS)

ADDITIONAL INFORMATION

UP and coming Neighborhood, Beautiful brick 2 family flat

Type:
Multi-Family
Sq.Ft.:
2,622
Status:
Active
Beds:
n/a
Lot size:
0.07 Acres
Year built:
1917
Baths:
5.00
MLS#:
60335053
Subdivision:
JAMES CAMPAU FARM SUB OF E 1/2 PC 91 & P18(PLATS)

ADDITIONAL INFORMATION

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

Type:
Multi-Family
Sq.Ft.:
4,282
Status:
Active
Beds:
n/a
Lot size:
0.1 Acres
Year built:
1921
Baths:
4.00
MLS#:
60303860
Subdivision:
MILLS SUB NO 3 (PLATS)

ADDITIONAL INFORMATION

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.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.23 Acres
Year built:
1890
Baths:
2.00
MLS#:
20240024454
Subdivision:
SUB OF PART OF RC OF PC NO 182 (PLATS)

ADDITIONAL INFORMATION

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.

Type:
Multi-Family
Sq.Ft.:
2,386
Status:
Active
Beds:
n/a
Lot size:
0.11 Acres
Year built:
1913
Baths:
2.00
MLS#:
60041568
Subdivision:
MILLS SUB NO 3 (PLATS)

ADDITIONAL INFORMATION

Great for experienced investors. 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 abatement 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 abatement on the purchase and development financing. BATVAI. Please see attached documents for DLBA guidelines and offer submission information. BATVAI

Type:
Multi-Family
Sq.Ft.:
2,378
Status:
Active
Beds:
n/a
Lot size:
0.07 Acres
Year built:
1912
Baths:
2.00
MLS#:
40257456
Subdivision:
PETER FISCHERS (PLATS)

ADDITIONAL INFORMATION

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

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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. This IDX information is from the IDX program of RealComp II Ltd. and 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. IDX provided courtesy of Realcomp II Ltd., via Xome Inc. and Realcomp II Ltd., copyright 2024 Realcomp II Ltd. Shareholders.



Detroit Real Estate

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.

Detroit Weather

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.

Detroit Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    216
    30-day change

Detroit Schools and Demographics

Education near Detroit, MI

Metric City County
High School Graduates 82.61 87.61
College Degree - 2 year 7.43 8.59
College Degree - 4 year 16.23 25.82
Graduate Degree 5.15 7.79
Expenditures per Student 13,771 13,771
Students per Teacher 17.7 17.7

Elementary Schools near Detroit, MI

School Grades Students P/T Ratio ZIP
Bunche Elementary-Middle School PK - 08 441 11.6 48207
Cesar Chavez Academy Elementary East PK - 05 96 20.4 48214
Chrysler Elementary School PK - 05 157 17.4 48207
Detroit Academy of Arts and Sciences KG - 05 688 18.1 48207
Detroit Enterprise Academy KG - 08 516 17.2 48214
Garvey Academy PK - 08 440 16.9 48214
Hutchinson Elementary-Middle School PK - 08 401 13.8 48214
Nichols Elementary-Middle School KG - 08 285 14.3 48214
Plymouth Educational Center KG - 08 690 17.7 48207
Timbuktu Academy of Science and Technology KG - 08 342 22.8 48214
University Preparatory Science and Math - Elementary KG - 05 494 19.8 48207
Woodward Academy PK - 08 617 20.6 48207

Middle Schools near Detroit, MI

School Grades Students P/T Ratio ZIP
Detroit Academy of Arts and Sciences Middle School 06 - 08 387 25.8 48207

High Schools near Detroit, MI

School Grades Students P/T Ratio ZIP
King High School 09 - 12 1,556 26.4 48207
Pathways Academy 07 - 12 82 20.5 48214
Southeastern High School 09 - 12 343 18.1 48214
University Preparatory Science and Math (Psad) High School 09 - 12 509 18.9 48207

Ungraded Schools near Detroit, MI

School Grades Students P/T Ratio ZIP
* Covenant House Academy Detroit - East Site 09 - 12 236 27.8 48214
Blanche Kelso Bruce Academy - Depaul 05 - 12 15 3.8 48207
Blanche Kelso Bruce Academy - St. Antoine 05 - 12 108 6.8 48226
Detroit Edison Public School Academy PK - 12 1,415 19.4 48207
Way Michigan 06 - 12 41 78.8 48226

Demographics near Detroit, MI 48207

Metric Zip Code City
Neighborhood Type Suburban
Population 645,658 1,789,781
Population Density 4,655 2,925
Median Age 35 37.8
People per Household 2.5 2.6
Median Household Income 34,762 52,830
Average Income per Capita 20,780 29,953