Investment/rehab opportunity in North Corktown. This 4-family property + large garage, offers endless potential for both seasoned investors and developers. Conveniently situated near the ear the newly-renovated Michigan Central development, vibrant Corktown, and the iconic MotorCity Casino, this property combines urban convenience with proximity to Detroit�s quickly-growing neighborhoods. This corner property includes a large garage (43' x 20') for storing multiple vehicles and side lot at 3300 14th, making the total frontage of 292 feet and over half an acre of land. SD-1 zoning allows for multiple residential and commercial uses. Located in an Opportunity Zone and NEZ-New/Rehab district.
In the Woodbridge Farms community, an architectural gem in the Second Empire style, featuring modern amenities, and so much potential for this gorgeous maker space/fixer! Currently configured as a two-family home with the classic features from the turn-of-the-century; expansive windows in every room that flood the space with natural light, plaster details and warm wood accents, mansard slate roof and a brick fireplace. The first-floor unit is currently used as a workshop/maker space, but can easily be converted into the perfect living space with endless possibilities. The second-floor is currently being used as a short-term rental. This particular block is being transformed, with multiple structures undergoing renovation. Woodbridge Farms is in an historic district, and an NEZ-Rehab and NEZ-Homestead district. This home is one block from a gorgeous park, dog park and library, and a little further a neighborhood cafe, restaurants and bars. Woodbridge combines architectural and natural beauty and a close-knit community.
Welcome to this amazing multi-family home in the highly sought-after Core City neighborhood of Detroit, just waiting for your finishing touches!! This property offers two units, each with its own entrance, perfect for those looking for an investment property to live in while renting out the other. This property features original hard wood floors, with the kitchens and restrooms being tile. The third floor of the home has additional space that can be finished for living or entertaining. Just a few short minutes away from all Downtown Detroit Festivities. Just North of Corktown!! SELLER IS NOW CONSIDERING LC FINANCING WITH AT LEAST 50% DOWN. CALL FOR DETAILS.
Located on a beautiful tree-lined block in the highly sought-after Woodbridge neighborhood, this 4-unit property is a prime investment opportunity. Each unit features 1 bedroom and 1 bathroom, offering cozy living spaces perfect for tenants looking to be near the heart of Detroit. With its proximity to Wayne State University, Henry Ford Hospital, Detroit Medical Center, and vibrant local restaurants, shops, and parks, this property is a magnet for tenants.Three of the four units are currently rented, generating a strong monthly income of over $4,000 when fully occupied. This property is ideal for investors seeking steady cash flow in a desirable area with high rental demand.Don't miss this chance to own a multi-unit gem in one of Detroit's most thriving neighborhoods!
This beautifully remodeled multi-family home, updated in 2024, offers an excellent opportunity for both homeowners and investors. The lower unit is currently vacant and ready for a new tenant or an owner-occupant, featuring 2 bedrooms, 1 modernized bathroom, a comfortable living room, dining room, and an updated kitchen and bath with new flooring throughout. The upper unit is tenant-occupied and includes 3 bedrooms, 1 renovated bathroom, and an updated kitchen, also with new flooring. Recent improvements to the property include a furnace, water tank, and windows, all approximately 2 years old. This property is move-in ready, providing contemporary updates and comfort in both units.
Rare opportunity to own this well maintained multifamily in the Woodbridge Historic District, near Wayne State University and midtown! This charming multi-dwelling features a 3 bed/2 bath unit, a 2 bed/1 bath unit, & a 1 bed/1 bath unit. The basement has been finished and is being rented as a studio unit. Also, there is an attic that could be finished to add an additional loft unit! The property is nicely landscaped w/ a large front porch, fenced in yard, back deck, and a 2-car garage with copper plumbing throughout. Roof, windows, and central air are approximately 13 years old. Properties like this do not go on the market often! Don't miss the chance to own this money maker!
4751 Trumbull-Stunning 3-MF Unit ââ?¬Å?Queen Anneââ?¬Â? Victorian MF-Beautifully updated, originally built in 1898, located in the highly sought-after Woodbridge Historic Neighborhood. This remarkable 3-unit MF property blends charm w/ modern mechanical & operational updates offering a unique investment opportunity or multi-generational living space. From the entry, the main vestibule & stairwell greet you with wood accents, paying homage to the original grander of its construction. The main floor 1-bedroom unit has natural light flooding all living spaces w/ a front greeting room, living room, & large bedroom w/ original wood built-ins & hardwood floors. The kitchen in the rear has a mud room equipped w/ a laundry hook-up for convenience. The 2nd floor offers a 2-bedroom 1 bath unit w/ large living room w/ access to a front deck. It is currently owner occupied but has incredible income potential. The 3rd floor unit has 2 bedrooms/1 bath but 1 bedroom can be used as a large living /flex space, plus a large laundry/storage room. ALL 3 units have separate furnace, AC & Hot water tanks. ALL 3 kitchens are located in the rear of each unit close to driveway & parking, making unloading easy. Plumbing has been comprehensively updated, including a main water line replacement w/ copper piping & PVC sewer pipes w/ anti-backflow valves. In addition, the main sewer line has been replaced from the backyard addition to the alley. BONUS!! Basement drainage pipes are already installed for a FUTURE 4th APARTMENT, complete with kitchen & bathroom rough-ins. Water pipes have been separated for each floor, allowing for easy monitoring & control from the basement. The home is well-insulated with fiberglass, Rockwool, & blown-in cellulose, complemented by energy-efficient vinyl windows. Outside space off rear decks and front porch. Enjoy mature Chestnut and Maple trees providing shade & a serene environment. The driveway from Trumbull was replaced in 2022, leading to a rear parking area.
Great investment opportunity! Newly updated 20 unit occupied apartment building with leases in place in a convenient location. Find your way downtown in less 10 minutes or to midtown in just 5 minutes!The building comes with ample parking in an attached concrete lot directly next to building. The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are 10 one bedroom units and 10 studio units. The majority of all units have newer flooring, paint, and lighting. All unit doors have are equipped steel doors with keyless/digital entry as well as deadbolt locks. All units have their own electric meter along with heating and cooling units. Each unit is separately metered. All tenant pay thier own electric bills. All one bedroom units have new
Investor special listed in Detroit's up & coming CORE CITY. This multi family home features a upper & lower level which includes: 2 bedrooms, a living room, kitchen, dining room, & bath. Close to train station, restaurants, & newer developments. *** The vacant lot at 4469 is also included. As-is sale. Buyer to assume all repairs & inspections.
AMAZING REDEVELOPMENT OPPORTUNITY ON THIS 27 UNIT BUILDING IN THE GRAND BLVD/ MCGRAW CORRIDOR. WEST OF WAYNE STATE, WOODBRIDGE, NW GOLDBERG AND SOUTH OF CORKTOWN. MANY DEVELOPMENTS PLANNED IN THE AREA. THE BUILDING NEEDS A FULL REHAB. GREAT UNIT MIX AND GENEROUS APARTMENTS SIZES. ADDITIONAL SPACE IN THE LOWER LEVEL TO ADD UNITS. SELLER HAS PLANS FOR AN ADDITIONAL NEW 38 UNIT BUILDING AND SEVERAL TRI PLEXES NEXT DOOR. Expenses estimated at 6% mgmt fee = $19,872. Taxes $20,000. Insurance $15,000. Rehab estimated at $1 Million. Total $1,675 Million (16.7 Cap)
AMAZING REDEVELOPMENT OPPORTUNITY ON THIS 27 UNIT BUILDING IN THE GRAND BLVD/ MCGRAW CORRIDOR. WEST OF WAYNE STATE, WOODBRIDGE, NW GOLDBERG AND SOUTH OF CORKTOWN. MANY DEVELOPMENTS PLANNED IN THE AREA. THE BUILDING NEEDS A FULL REHAB. GREAT UNIT MIX AND GENEROUS APARTMENTS SIZES. ADDITIONAL SPACE IN THE LOWER LEVEL TO ADD UNITS. SELLER HAS PLANS FOR AN ADDITIONAL NEW 38 UNIT BUILDING AND SEVERAL TRI PLEXES NEXT DOOR. Expenses estimated at 6% mgmt fee = $19,872. Taxes $20,000. Insurance $15,000. Rehab estimated at $1 Million. Total $1,675 Million (16.7 Cap)
65 Unit apartment. Needs full rehab. Parking in rear. Income and expenses are estimated. 20 Studios @ $800= $16,000 45 1 bedrooms @ $900 = $40,500. Total monthly income $56,500. Mgmt Fee 6%= $40,680, Taxes $15,700, Ins $20,000, untilities $5,000.
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 48208 has a population of 645,658. Detroit 48208 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 48208 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 48208 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.