1017 Grand BlvdDetroit, MI 48207

For Sale
$140,000

Prime Detroit duplex, 2 units, $140k.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional redevelopment opportunity presents a charming two-unit multifamily property located at 1017 E Grand Blvd in Detroit, Michigan. Built in 1914, this Class C property boasts a total of 2,900 square feet across two stories, situated on a 0.17-acre lot. Each unit offers significant potential for renovation and increased rental income. The property is zoned R5, providing flexibility for future development plans. The asking price is $140,000, translating to $70,000 per unit and $48.28 per square foot. The property's address is 1017 E Grand Blvd, Detroit, MI 48207, and its APN is 15007667. This investment presents a unique chance to capitalize on the growing Detroit real estate market. The existing structure provides a solid foundation for a value-add project, allowing for creative design and modern updates to maximize rental returns. The property's location in Wayne County offers convenient access to local amenities and transportation. Don't miss this chance to acquire a promising multifamily property in a vibrant urban setting.

Highlights

  • Asking price: $140,000
  • Multifamily property with two units, totaling 2,900 square feet.
  • Located in Detroit, MI, at 1017 E Grand Blvd, in Wayne County, zip code 48207.
  • Built in 1914, Class C property on a 0.17-acre lot.
  • $48.28 per square foot, $70,000 per unit. R5 zoning.

Property Details for 1017 Grand Blvd

Property type
Multifamily properties, Residential income homes
Square Feet
2,900 SF
Class
C
Year Built
1914
Buildings
1
Stories
2
Lot Size (sq. ft)
7,405 SF
Units
2

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3699951
Longitude
-83.0172891
1017 Grand Blvd, Detroit, Michigan

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1017 Grand Blvd
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