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Richard Stewart

richard@2693457000.com +1(269) 217-0411

$ 1,650,000

Est. payment | -/mo

66 Baths

0.5 Acres Lot

Save

$ 1,650,000

Est. payment | -/mo

Save

66 Baths

0.5 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261029484

HOA Y/N true

Year Built 1926

Annual Tax Amount $22,007

Lot Size 0.500 Acres

Acres 0.5

Lot Dimensions 140x160

Source Realcomp

Property Description

A rare Detroit value-add apartment offering at 725 Whitmore, Detroit, MI 48203: a solid brick building with 66 units and the scale buy-and-hold investors look for when they want meaningful income potential and operational leverage. With the right rehab plan, this property is positioned to gross over $75,000 per month in rent, giving you room to build a durable cash-flowing asset at a basis that reflects the work still needed.The building totals 72 bedrooms and 66 bathrooms across approximately 48,000 sq ft, with a unit mix designed to serve broad rental demand: 48 one-bedroom units, 12 two-bedroom units, and 6 studios. Much of the heavy lifting has already started in key areas, including many newer egress windows and the replacement of many plumbing stacks, improvements that can help streamline the path from renovation to stabilized performance. The structure is there, the footprint is there, and the upside is there, this is a straightforward opportunity for an investor ready to bring a large building back to life.Set on a 22,000 sq ft lot, the property provides ample site area to support a full-scale repositioning effort and long-term operation. The brick construction speaks to longevity, and the combination of updated components already completed plus remaining interior work creates a clear value-add narrative: you are buying it at a price that reflects the condition, then capturing the spread as units are improved and income rises.Request details and schedule a showing to evaluate the unit mix, existing improvements, and the path to unlocking this 66-unit Detroit apartment's rent potential.

Location

State MI

County Wayne

Zoning Commercial,Multi-Family,M

Direction West of Palmer Park, block off Woodward avenue, north of 6 mile mcnichols

Interior

Heating Baseboard, Forced Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W02I002580S000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by JNA Real Estate

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 217-0411

richard@2693457000.com

828 Portage St, Kalamazoo, MI 49001, United States

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Licensing & Affiliation Disclosure: Richard Stewart is an Associate Broker with Real Broker LLC. All real estate brokerage activities are conducted in compliance with Michigan licensing laws. Richard Stewart’s Equity Recovery Program is a professional real estate service and does not provide legal or tax advice. Homeowners should consult with legal counsel regarding their specific rights during the Michigan foreclosure redemption period.

725 Whitmore Road Detroit, MI 48203