NEW! Buy and sell safely with virtual options - Learn More
About the Listing 113884 - RC406301
A rare Detroit value-add apartment offering at 725 Whitmore, Detroit, MI 48203: a solid brick building with 66 units and the scale buy-and-hold investors look for when they want meaningful income potential and operational leverage. With the right rehab plan, this property is positioned to gross over $75,000 per month in rent, giving you room to build a durable cash-flowing asset at a basis that reflects the work still needed. The building totals 72 bedrooms and 66 bathrooms across approximately 48,000 sq ft, with a unit mix designed to serve broad rental demand: 48 one-bedroom units, 12 two-bedroom units, and 6 studios. Much of the heavy lifting has already started in key areas, including many newer egress windows and the replacement of many plumbing stacks, improvements that can help streamline the path from renovation to stabilized performance. The structure is there, the footprint is there, and the upside is there, this is a straightforward opportunity for an investor ready to bring a large building back to life. Set on a 22,000 sq ft lot, the property provides ample site area to support a full-scale repositioning effort and long-term operation. The brick construction speaks to longevity, and the combination of updated components already completed plus remaining interior work creates a clear value-add narrative: you are buying it at a price that reflects the condition, then capturing the spread as units are improved and income rises. Request details and schedule a showing to evaluate the unit mix, existing improvements, and the path to unlocking this 66-unit Detroit apartment's rent potential.
Listing Highlights
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
60988004
Year Built
1926
Total Square Footage
48,000
Lot/Acreage
0.5
Interior Details
- Bedrooms: 0
- Bathrooms: 66 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Electric Heat,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 48000
- Below Ground Sq Ft: n/a
- Basement: Block,Partially Finished
- Other: Cable/Internet Avail.
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 140x160
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $22,007
- 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..
725 Whitmore Detroit, MI 48203
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
