$989,900

Multi Family In Detroit

  • 17 Baths
  • 11,520 Sqft
  • 23,087 Sqft lot
  • Updated: Yesterday
  • Source:
    MiRealSource  MLS#61035648

About the Property

17-UNIT MULTIFAMILY VALUE-ADD OPPORTUNITY IN DETROIT! NEAR-TURNKEY, EXTENSIVELY RENOVATED ASSET WITH MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED, INCLUDING ROOF, WINDOWS, EXTERIOR, FRAMING, DRYWALL, PAINT, LVP FLOORING, AND ROUGH PLUMBING/ELECTRICAL. REMAINING WORK IS PRIMARILY FINAL MECHANICAL AND PLUMBING TRIM, INCLUDING FURNACES, WATER HEATERS, SINKS, FAUCETS, AND SHOWER DIVERTERS. ALL UNITS A
17-UNIT MULTIFAMILY VALUE-ADD OPPORTUNITY IN DETROIT! NEAR-TURNKEY, EXTENSIVELY RENOVATED ASSET WITH MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED, INCLUDING ROOF, WINDOWS, EXTERIOR, FRAMING, DRYWALL, PAINT, LVP FLOORING, AND ROUGH PLUMBING/ELECTRICAL. REMAINING WORK IS PRIMARILY FINAL MECHANICAL AND PLUMBING TRIM, INCLUDING FURNACES, WATER HEATERS, SINKS, FAUCETS, AND SHOWER DIVERTERS. ALL UNITS ARE INDIVIDUALLY SUBMETERED, HELPING REDUCE OWNER UTILITY EXPOSURE. PROPERTY TO BE DELIVERED VACANT, PROVIDING AN OPPORTUNITY FOR NEW OWNERSHIP TO EXECUTE A FRESH LEASE-UP STRATEGY AT CURRENT MARKET RENTS. PROPERTY ALSO PARTICIPATES IN THE DETROIT PILOT TAX ABATEMENT PROGRAM, SUBJECT TO PROGRAM TERMS. STRONG VALUE-ADD POTENTIAL WITH A CLEAR PATH TO STABILIZATION AND INCREASED CASH FLOW. BUYER TO VERIFY ALL INFORMATION, PERMITS, PILOT TERMS, UNIT DETAILS, AND PROJECTED RENTS. FOR MORE INFORMATION, CONTACT THE LISTING AGENT!
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  • Property type

    Other

  • Floors

    2

  • Year built

    1969

  • Price/sqft

    $85

Features

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18230 Weaver Street, Detroit, Michigan, United States View on Google Maps
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RE/MAX Team 2000 - Dearborn

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RE/MAX Team 2000 - Dearborn
Michigan, United States
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12
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2026
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RE/MAX Team 2000 - Dearborn
Dearborn, Michigan, United States
View agency profile
Last updated
Yesterday
First listed
October 3
Listing reference
61035648
Listing status
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