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14405 Eastwood Street

Detroit, MI 48205
  • $199,900
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: 24005929
UPDATED: 40 min ago
$199,900
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

School District:

Description

Transformative 17-Unit Apartment Building, a property with profound potential, located in the heart of Detroit. This 17-unit, historic building represents an unmatched opportunity for the right investor. The renovation on this building has already begun! In the past two years over $200,000 have been spent on a Major Structural Overhaul, Additional Framing on exterior walls, Brand New Roof, A Complete Clean Out on all floors (over $100k in clean out costs), as well as the addition, and clearing, of the adjacent lot. This blank slate is ready to be transformed. This is a chance not just to renovate a building, but to breathe new life into an entire community. Please Review Marketing Flyer for full Pro Forma

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-02-28T19:57:32.277.
www.refacmi.com/homes/147267500
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14405 Eastwood Street Detroit, MI 48205

  • Price: $199,900
  • Status: Active
  • On Site: 23 Days
  • Updated: 40 min ago
  • ID#: 24005929
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1929
Built
Neighborhood:
Detroit City
County:
Wayne
School District:
Detroit
Property Description
Transformative 17-Unit Apartment Building, a property with profound potential, located in the heart of Detroit. This 17-unit, historic building represents an unmatched opportunity for the right investor. The renovation on this building has already begun! In the past two years over $200,000 have been spent on a Major Structural Overhaul, Additional Framing on exterior walls, Brand New Roof, A Complete Clean Out on all floors (over $100k in clean out costs), as well as the addition, and clearing, of the adjacent lot. This blank slate is ready to be transformed. This is a chance not just to renovate a building, but to breathe new life into an entire community. Please Review Marketing Flyer for full Pro Forma
Exterior Features

Construction Materials Brick Corner Lot YN Yes Lot Features SidewalkCorner Lot Parking Total 0 Road Surface Type Paved Roof CompositionRubber Water Access YN No Waterfront YN No

Interior Features

Basement DaylightWalk OutFull Basement YN Yes Cooling None Cooling YN No Heating None Heating YN No

Property Features

Auction Or For Sale For Sale Cross Street 7 Mile and Chalmers Documents Available [] Gross Income 195000 Listing Terms Cash Net Operating Income 120000 New Construction YN No Owner Pays None Property Sub Type 5+ Units Sewer Public Sewer Tax Annual Amount 286 Tax Year 2023 Tenant Pays None Utilities Public Water AvailablePublic Sewer AvailableElectric AvailableCable AvailableNatural Gas Connected

Listing provided courtesy of James Duncanson of Lacuna Group, LLC: 844-222-9405. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-02-28T19:57:32.277.
 
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