1104 Grand BlvdDetroit, MI 48207

For Sale
$160,000

Four-unit rental portfolio, prime redevelopment site.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a four-unit multifamily property located at 1104-1106 E. Grand Blvd in Detroit, Michigan. The property, situated on a 0.138-acre lot, boasts a total of 3,174 square feet of net rentable space across two stories. Built in 1908, the property is classified as Class C and is zoned R5, offering significant redevelopment potential. The asking price is $160,000, translating to $50.41 per square foot and $40,000 per unit. This represents a compelling entry point into the Detroit real estate market. The property's location in Wayne County, with the address 1104-1106 E. Grand Blvd, Detroit, MI 48207, offers convenient access to various amenities and transportation options. The property's existing structure provides a solid foundation for a variety of redevelopment strategies, catering to the growing demand for rental housing in the area. The property's parcel number is 15007672. This is a rare chance to acquire a multifamily property in a desirable location with significant upside potential. Investors seeking a strong return on investment should act quickly to secure this promising opportunity.

Highlights

  • $160,000 asking price for a four-unit multifamily property.
  • Four units in a single building, totaling 3,174 square feet.
  • $50.41 per square foot and $40,000 per unit.
  • Located at 1104 E Grand Blvd, Detroit, MI 48207, on a 0.138-acre lot.
  • Built in 1908, this Class C property is zoned R5.

Property Details for 1104 Grand Blvd

Property type
Multifamily properties, Residential income homes
Square Feet
3,174 SF
Class
C
Year Built
1908
Buildings
1
Stories
2
Lot Size (sq. ft)
6,011 SF
Units
4

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3724146
Longitude
-83.0179052
1104 Grand Blvd, Detroit, Michigan

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1104 Grand Blvd
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