Description
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.
Location
Source MLS MiRealSource. 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 2022 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. Updated: 29th September, 2023 12:05 AM (UTC)
Copyright 2022 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. Updated: 29th September, 2023 12:05 AM (UTC)
Listing Agent: James Duncanson
Listing Office: Berkshire Hathaway HomeServices Michigan Real Est
