Incredible Investment Opportunity: Transformative 17-Unit Apartment Building in Detroit Welcome to a property with profound potential, located in the heart of Detroit. This 17-unit apartment building represents an unmatched opportunity for the right investor. The renovation on this building has already begun! In the past two years over $200,000 have been spent on a Major Structural Overall top to bottom as a precautionary measure, Additional Framing on exterior walls, Brand New Roof, A Complete Clean Out on all floors (over $100k in clean out costs), as well as the lot next door being added to the sale both lots had an incredible amount of trees removed. This blank slate is ready to be transformed into much needed homes in the community. This is a chance not just to renovate a building, but to breathe new life into an entire community. The prior layout contained 18, 1 bedroom units but could be reconfigured to maximize the return on this investment. Located just off of 7 mile near another large multi family project currently underway and a FULLY OCCUPIED 14 Unit as well. This property is not just about brick and mortar, it's about potential and vision. It's an opportunity to create a legacy, to contribute to the regeneration of Detroit and provide some much needed housing in the community. 18 unit floor plan in photos. Please reach out directly for information on a total renovation quote.
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Listing Agent: James Duncanson
Listing Office: Berkshire Hathaway HomeServices Michigan Real Est
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