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$ 549,900
Est. payment | /mo
28 Baths
7,405 Sqft Lot
$ 549,900
Est. payment | /mo
28 Baths
7,405 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261004246
HOA Y/N true
Year Built 1925
Annual Tax Amount $2,555
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 61.85X121.47
Source Realcomp
Property Description
Located at 4847 Baldwin Street, Detroit, MI, just north of The Villages neighborhood, The Balren apartment is a four-story brick apartment building offering a strong value-add investment opportunity with close proximity to Downtown Detroit and convenient access to all major highways. Built in 1925, the property had undergone renovations and has the potential to generate over $300,000 in gross annual income once stabilized. Previously approved and permitted improvements through BSEED include in-wall and underground plumbing, mechanical and electrical upgrades, newly installed split HVAC units, and new framing completed in 13 of the 26 units. The building features a total of 26 apartments consisting of 6 studios, 18 one-bedroom units, and 2 two-bedroom units, with projected monthly rents ranging from $1,250 to $1,500. A previously constructed basement laundry room with a new concrete slab is in place.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial
Direction On Baldwin Just South Of Warren
Interior
Heating Steam
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W17I011509S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"REO/Bank Owned":true}
Listed by RE/MAX Team 2000
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