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About the Listing 108311 - 672646
Opportunity awaits with this solid brick 14-unit multifamily building located on Detroit's east side. The property was recently foreclosed on by a hard money lender and is being sold as-is. 14 units, two story brick, currently tenant-occupied (lease/rent roll status unknown). Buyer should expect potential evictions or tenant turnover after purchase. Strong rental demand in the area with upside for stabilized cash flow after repositioning. Close to major freeways, local schools, and neighborhood redevelopment activity. This is a value-add investment opportunity for an experienced investor or property manager who can stabilize the building and maximize its long-term potential.
Listing Highlights for 8525 Maxwell
Status
Active
Days on Site
25
Property Type
Multi-Family
MLS ®
60929348
Year Built
1927
Total Square Footage
8,036
Lot/Acreage
0.27
County
Wayne
Neighborhood
More Than One Sub Involved
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 0
- Bathrooms: 14 Full
- Appliances:
- Air Cond:
- Heating: Steam
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 8036
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 244.14X47.73
- Roof:
- Others:
- Sewer: Public Sanitary
Financial Details
- Tax Amount: $30,249
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Years
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Listing Location
Questions About..
8525 Maxwell Detroit, MI 48213
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