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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1197 Virginia Park St , Detroit, MI 48202
$1,075,000
Est. Payment: $5,535.71/mo
0 Bed
0 Bath
16546 Sqft
Status: pending | Days on site: 70
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House Description

Excellent investment opportunity in Detroit’s desirable Virginia Park neighborhood, located within an Opportunity Zone! This well-maintained 9-unit townhouse-style multifamily property in the New Center area offers strong rental potential and long-term upside.The building features a diverse unit mix including six 2-bedroom units, two spacious 5-bedroom units, and one 4-bedroom unit—ideal for maximizing rental income. All units are currently occupied, providing immediate cash flow. All of the units were renovated in 2015 with 2 being renovated within 2 years with new kitchens.Significant updates include a freshly painted exterior (2025) and brand-new gutters (2025). Multiple units have been remodeled in 2024–2025, enhancing overall appeal and value. Each unit is equipped with central air conditioning, newer furnaces, hot water tanks, and updated appliances. Washer and dryer in each unit supplied by owner. Additional features include semi-finished basements, ADT alarm systems, and an exterior security camera system.Owned and professionally managed for over 20 years, this property reflects consistent care and attention. Conveniently located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways, making it highly attractive to tenants.Turnkey, fully occupied, and positioned in a high-demand area—this is a rare opportunity to add a solid performing asset to your portfolio. 16,546 Est Tot Fin: includes basements each with own baths. New Occupancy Permit as of April 2026 is good until 4/23/29. “All the leases are (1) year and (1) Section 8 tenant.All tenants are employed except the (1) Section 8.No notices to vacate. All leases renew within a year if they decide to renew

Highlights

Listed by James T Silver , 248-417-9617 Keller Williams Somerset , 248-649-7200. MichRIC

Property Type

Commercial Sale

Lot/Acreage
0.32

Year Built

1916

County

Wayne

School District

Detroit

Listing ID

20261018059

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Basement
Other:Public

Exterior Features

Principal Interest
$5,536
Taxes
$460

Home Price

$1,075,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$215,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,535.71

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,535.71 $459.83 $0.00 $5,995.54
Yearly $66,428.48 $5,518.00 $0.00 $71,946.48
Total $1,992,854.36 $165,540.00 $0.00 $2,158,394.36
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC