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About the Listing 98846 - 681219
5 Unit Apartment building!! 100% Occupied Exceptional income-producing opportunity in Detroit's revitalizing Islandview and West Village corridor. This fully occupied 5-unit multifamily building generates $62,400 in annual gross rental income. The property consists of four spacious 2-bedroom units, each approximately 1,200 square feet, and leased at $1,000 per month, along with one large 3-bedroom unit of 1,700 square feet leased at $1,200 per month. The landlord pays only for water, while tenants cover gas and electricity, keeping expenses low and returns strong. Current rents remain below market, providing a significant opportunity to increase income as the Detroit rental market continues to strengthen. With a cap rate of 8.3% and potential growth up to 10%, this property offers impressive performance and long-term upside. Situated in a vibrant neighborhood near Sonora Missionary Baptist Church, the Detroit Waldorf School, and the Butzel Family Recreation Center, it's ideally located for tenants seeking convenience and community. Call today to schedule your private tour and secure your next great investment.
Listing Highlights
Status
Active
Days on Site
44
Property Type
Multi-Family
MLS ®
60950620
Year Built
1905
Total Square Footage
6,534
Lot/Acreage
0.29
County
Wayne
Neighborhood
Assessors Of Lts 1 To 65 Incl Pt 66 Etc
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 0
- Bathrooms: 5 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 6534
- Below Ground Sq Ft: n/a
- Basement: Block
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 93.00X134.00
- Roof:
- Others: Fenced Yard,Porch
- Sewer:
Financial Details
- Tax Amount: $5,510
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
900 E Grand Detroit, MI 48207
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