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$ 700,000
Est. payment | /mo
9 Baths
3,049 Sqft Lot
$ 700,000
Est. payment | /mo
9 Baths
3,049 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261057305
HOA Y/N true
Year Built 1925
Annual Tax Amount $22,141
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 31.65X100
Source Realcomp
Property Description
9-Unit Brick Asset | East Detroit / Grosse Pointe Park BorderAcquire at a Detroit basis with immediate Grosse Pointe Park demand. Located on a prominent hard corner (Vernor Hwy & Ashland St), this durable 1925 brick building offers a mid-repositioning opportunity with reliable cash flow and clear upside.Key Investment HighlightsFully Occupied: Stable, turn-key income in place today (6 of 9 units are Section 8).Prime Border Location: High visibility, strong traffic counts, and spillover demand from neighboring Grosse Pointe Park.Value-Add Upside: Mid-repositioning asset with significant opportunity to mark rents to market on turnover.Favorable Terms: Located in FEMA Flood Zone X (lower insurance costs, cleaner financing).Strategic Access: Minutes from Mack Ave retail, Alter Rd, and Downtown Detroit.East-side corridor assets this close to the Pointes move quickly.
Location
State MI
County Wayne
Zoning Multi-Family
Direction East Vernor West Of Alter And North Of Kercheval
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I062064S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Black Diamond Realty
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