3447-3471 Ewald CirDetroit, MI 48238

For Sale
$595,000

Eight-unit Detroit apartment building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents an eight-unit townhome-style apartment building located at 3447-3471 Ewald Circle in Detroit, Michigan, 48238. The property, boasting a total of 6,872 square feet, is zoned R3 and features eight two-bedroom units, each with its own private entry. Built in 1952, this multifamily property has undergone significant capital improvements within the past three years, enhancing its value and appeal. The asking price is $595,000, translating to an attractive price per unit of $74,375. Financial details are available upon request. A certificate of compliance is readily accessible for prospective buyers. The property's location in Wayne County offers convenient access to various amenities and transportation routes. Seller financing is being considered, making this an even more compelling proposition for investors seeking a strong return on investment. The property's APN is 16-0238618. This is a rare chance to acquire a well-maintained, cash-flowing multifamily property in a growing Detroit market.

Highlights

  • Eight-unit townhome complex.
  • All units feature two bedrooms and private entrances.
  • Significant capital improvements completed within the last three years.
  • Financial statements available upon request.
  • Current Certificate of Occupancy on file.
  • Owner financing considered.

Property Details for 3447-3471 Ewald Cir

Property type
Multifamily properties, Apartment buildings
Square Feet
6,872 SF
Year Built
1952
Units
8

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3997016
Longitude
-83.1380955
3447-3471 Ewald Cir, Detroit, Michigan

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3447-3471 Ewald Cir
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