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Jim Blehm

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

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744 W Grand Boulevard , Detroit, MI 48216
$259,900
Est. Payment: $577.56/mo
0 Bed
5 Bath
0 Sqft
Status: Active | Days on site: 23
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394965 - 374933
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House Description

All reasonable offers will be considered! Send it over!Multi-Unit Investment Property for Sale in DetroitExceptional opportunity to own a multi-unit residential property in a prime Detroit location with tremendous upside potential. Rich in character, the building features beautifully preserved original wood finishes, multiple fireplaces, spacious open living areas, and a blend of classic architecture with select modern opportunity, including some vinyl windows and a bathroom already updated.Outside, a gated rear parking slab provides added convenience for residents. Ideally located just west of Corktown, close to the Detroit River, and just minutes from New Center neighborhood where the $3 billion Future of Health development is planned; a landmark joint venture between Henry Ford Health, Michigan State University, and the Detroit Pistons organization. When complete, this project will add a 1.2 million sq ft hospital tower, a 335,000 sq ft research center, and 662 new mixed-income apartments within short distance of this property. The demand that follows that kind of institutional investment — healthcare workers, university staff, researchers, and support personnel means that this property offers an outstanding opportunity for investors or owner-occupants looking to bring their vision to life in one of Detroit's most sought-after areas.

Highlights

Listed by Theodius Cross , 313-680-5226 Avenue Group Homes, LLC , 248-630-3099.

Property Type

Multi-Family

Lot/Acreage
0.14

HOA Fee

Year Built

1905

County

Wayne

School District

Detroit

Listing ID

20261066404

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:5
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$578
Taxes
$214
HOA
$0

Home Price

$259,900

Loan Details

30 yrs
%

Down Payment

20%
$51,980
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Monthly Price:
$577.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $577.56 $214.42 $0.00 $791.97
Yearly $6,930.67 $2,573.00 $0.00 $9,503.67
Total $207,920.00 $77,190.00 $0.00 $285,110.00

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.