REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 550,000
Est. payment /mo
Active
8525 Maxwell Street Detroit, MI 48213 2150
14 Baths
8,036 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,036 sqft
Price per Sqft $68
Subdivision Mi
MLS Listing ID 60929348
Style 2 Story
Full Baths 14
Year Built 1927
Annual Tax Amount $30,249
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 244.14X47.73
Property Sub-Type Multi-Family
Property Description
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.
Location
State MI
County Wayne
Area Detroit (82001)
Interior
Heating Steam
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Crawl
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Golden Key Realty Group LLC