900 E Grand BLVD Detroit, MI 48207
5 Baths
6,534 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 6,534 sqft
Price per Sqft $74
Subdivision Assessors Of Lts 1 To 65 Incl Pt 66 Etc
MLS Listing ID 20251047064
Style CommonEntryBuilding,Colonial,Contemporary
Full Baths 5
Year Built 1905
Property Sub-Type MultiFamily
Property Description
Exceptional income-producing opportunity in Detroit's revitalizing Islandview and West Village corridor. This fully occupied 5-unit multifamily building generates $62,400 in annual gross rental income. The property consists of four spacious 2-bedroom units, each approximately 1,200 square feet, and leased at $1,000 per month, along with one large 3-bedroom unit of 1,700 square feet leased at $1,200 per month. The landlord pays only for water, while tenants cover gas and electricity, keeping expenses low and returns strong.
Current rents remain below market, providing a significant opportunity to increase income as the Detroit rental market continues to strengthen. With a cap rate of 8.3% and potential growth up to 10%, this property offers impressive performance and long-term upside. Situated in a vibrant neighborhood near Sonora Missionary Baptist Church, the Detroit Waldorf School, and the Butzel Family Recreation Center, it's ideally located for tenants seeking convenience and community.
Call today to schedule your private tour and secure your next great investment.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Rooms
Basement Full, Unfinished
Interior
Heating ForcedAir, NaturalGas
Cooling CeilingFans, WindowUnits
Laundry CommonArea, LaundryRoom
Exterior
Parking Features ParkingLot, SharedDriveway
Fence BackYard, Fenced, FrontYard
Pool None
Community Features Sidewalks
Utilities Available AboveGroundUtilities
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA, VaLoan
Listing Terms Cash, Conventional, FHA, VaLoan
Special Listing Condition ShortSaleNo, Standard
