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About the Listing 105280 - 679881
*************HIGHEST AND BEST DUE BY 10AM ON TUESDAY, JANUARY 20TH, 2025.*************** BACK ON THE MARKET! BUYER BACKED OUT FOUR DAYS BEFORE CLOSING FOR PERSONAL REASONS. The property appraised at $600,000. Nestled in the heart of Midtown Detroit, this fully occupied six-unit apartment building presents a rare investment opportunity in one of the city's most vibrant neighborhoods. Conveniently located near I-94, the Lodge Freeway, and Woodward Avenue, this historic property offers seamless access to all things Midtown, from cultural attractions to dining and entertainment. The building features a mix of units, including one studio-style apartment and one loft-style apartment, two one-bedroom units and two spacious two-bedroom apartments - one with a private balcony. Upgrades include new countertops, flooring, and disposals in every unit, as well as individual furnaces, water heaters, and window A/C units, with central air in the loft apartment. Each unit is equipped with a dedicated load center with resettable breakers, and fiber optic cable and internet are installed in the building. The basement and loft units are not shown in photos, and their measurements are not provided. The front porch has been completely rebuilt, and some windows have been replaced with Detroit Historical Society-approved designs. Inside, all original lathe and plaster have been converted to drywall, and the building is lead-based paint free certified. Emergency lighting, smoke, and carbon monoxide detectors are installed throughout. All plumbing has been replaced with copper and PVC. The property also features a basement coin laundry, upper and lower shared deck spaces, and dedicated (owned) parking. It has received full inspection clearance from the City of Detroit and meets all city code requirements. With 100% occupancy and long-term tenants, this historic building has steady income potential, and current rents remain under market value, offering room for future growth. Showings require 24 hours notice. Listing agent to accompa
Listing Highlights
Status
Pending
Days on Site
123
Property Type
Multi-Family
MLS ®
60938172
Year Built
1905
Total Square Footage
3,574
Lot/Acreage
0.1
Interior Details
- Bedrooms: 0
- Bathrooms: 6 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Electric Heat,Forced Air,Space Heater
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3574
- Below Ground Sq Ft: n/a
- Basement: Poured
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 40.00 x 105.00
- Zoning: Multi-Family
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $3,284
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
648 Prentis Detroit, MI 48201
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