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Jim Blehm

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

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710 Virginia Park St , Detroit, MI 48202
$509,000
Est. Payment: $1,131.11/mo
0 Bed
8 Bath
0 Sqft
Status: Active | Days on site: 134
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005532 - 453589
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Excellent Investment Opportunity in Detroit’s Virginia Park District! This is an exceptional income-producing multi-family property located in the historic Virginia Park district of Detroit. This two-story building offers seven rentable units in a variety of layouts including three bedroom, two-bedroom, one-bedroom, and studio apartments ideal for maximizing occupancy and rental income.Many units feature modern updates such as new flooring, countertops, and appliances, while an on-site laundry facility adds extra convenience for tenants. Situated in the Virginia Park Historic District (listed on the National Register of Historic Places in 1982), this property enjoys a prime location near Woodward Avenue and the Q-Line, providing easy access to New Center, Midtown, and downtown Detroit. Whether you’re an experienced investor or just entering the Detroit market, this property offers the perfect blend of historic charm, steady income potential, and unbeatable location!New Detroit PILOT program available for an immediate value add opportunity to substantially reduce property taxes! Inquire for more info!
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Highlights

Listed by Daniel DeKeyser , 313-513-0984 Jim Saros Real Estate Services , 313-886-9030.

Property Type

Multi-Family
Lot/Acreage
0.19

HOA Fee

Year Built

1911

County

Wayne

 School District

Detroit

Listing ID

20251044444

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:8
  • ▪ Full Bathrooms:
Water:Public

Exterior Features
Principal Interest
$1,131
Taxes
$2,093
HOA
$0

Home Price

$509,000

Loan Details

30 yrs
%

Down Payment

20%
$101,800
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:
$1,131.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,131.11 $2,093.00 $0.00 $3,224.11
Yearly $13,573.33 $25,116.00 $0.00 $38,689.33
Total $407,200.00 $753,480.00 $0.00 $1,160,680.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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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.