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Jim Blehm

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

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18230 Weaver St , Detroit, MI 48228
$989,900
Est. Payment: $2,199.78/mo
11520 Sqft
0.53 Acres
Status: active | Days on site: 30
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Jim Blehm
Team Owner, Realtor®

House Description

17-UNIT MULTIFAMILY VALUE-ADD OPPORTUNITY IN DETROIT! NEAR-TURNKEY, EXTENSIVELY RENOVATED ASSET WITH MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED, INCLUDING ROOF, WINDOWS, EXTERIOR, FRAMING, DRYWALL, PAINT, LVP FLOORING, AND ROUGH PLUMBING/ELECTRICAL. REMAINING WORK IS PRIMARILY FINAL MECHANICAL AND PLUMBING TRIM, INCLUDING FURNACES, WATER HEATERS, SINKS, FAUCETS, AND SHOWER DIVERTERS. ALL UNITS ARE INDIVIDUALLY SUBMETERED, HELPING REDUCE OWNER UTILITY EXPOSURE. PROPERTY TO BE DELIVERED VACANT, PROVIDING AN OPPORTUNITY FOR NEW OWNERSHIP TO EXECUTE A FRESH LEASE-UP STRATEGY AT CURRENT MARKET RENTS. PROPERTY ALSO PARTICIPATES IN THE DETROIT PILOT TAX ABATEMENT PROGRAM, SUBJECT TO PROGRAM TERMS. STRONG VALUE-ADD POTENTIAL WITH A CLEAR PATH TO STABILIZATION AND INCREASED CASH FLOW. BUYER TO VERIFY ALL INFORMATION, PERMITS, PILOT TERMS, UNIT DETAILS, AND PROJECTED RENTS. FOR MORE INFORMATION, CONTACT THE LISTING AGENT!

Highlights

Listed by Bilal A Hamie , 313-632-0333 RE/MAX Team 2000 , 313-561-0900. MichRIC

Property Type

Commercial Sale

Lot/Acreage
0.53

Year Built

1969

County

Wayne

School District

Detroit

Listing ID

20261079937

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Interior Features

Basement:Basement
Water:Public

Exterior Features

Principal Interest
$2,200
Taxes
$727

Home Price

$989,900

Loan Details

30 yrs
0%

Down Payment

20%
$197,980
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:
$2,199.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,199.78 $726.58 $0.00 $2,926.36
Yearly $26,397.33 $8,719.00 $0.00 $35,116.33
Total $791,920.00 $261,570.00 $0.00 $1,053,490.00
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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: 2026-11-01T14:17:27.000Z

© 2026 MichRIC