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About the Listing 104877 - 679842
Fully updated 14-unit multifamily apartment building in the heart of Detroit's East Side, nestled in the Gratiot-Findlay neighborhood. This turnkey asset features all new plumbing, electrical, drywall, windows, mechanicals including AC, and new gas lines - offering a truly low-maintenance, long-term investment opportunity. Strategically located directly behind the Detroit Police Department's 9th Precinct, the property benefits from exceptional built-in security. Just steps from Gratiot Ave, residents enjoy easy access to public transportation, shopping, restaurants, and everyday amenities, along with quick connectivity to Downtown Detroit. An added bonus: an adjacent side lot is available through the City, ideal for future development, additional parking, or expanded outdoor space. Currently, 12 out of 14 units are leased, generating $14,200 per month in rent plus an additional $400 in water reimbursement for a total monthly income of $14,600. Current owner is netting $135,840 annually. A previous appraisal came in at $1.15M, with the full report uploaded in the documents for review. Don't miss this exceptional value - secure this fully modernized, income-producing multifamily building while it's still available. opportunity in a growing area!
Listing Highlights
Status
Active
Days on Site
251
Property Type
Multi-Family
MLS ®
60383619
Year Built
1930
Total Square Footage
6,680
Lot/Acreage
0.12
County
Wayne
Neighborhood
Alfred Trombleys Ideal Sub (Plats)
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 0
- Bathrooms: 14 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 6680
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50.00 x 106.00
- Zoning: Commercial
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $4,733
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
11765 Glenfield Detroit, MI 48213
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