MI > Detroit > Mi
Detroit, MI 48214 1062,4847 BALDWIN Street
Detroit, MI 48214 1062,4847 BALDWIN Street
Detroit, MI 48214 1062,4847 BALDWIN Street
Detroit, MI 48214 1062,4847 BALDWIN Street
Detroit, MI 48214 1062,4847 BALDWIN Street
Detroit, MI 48214 1062,4847 BALDWIN Street
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Jeff Rising

Jeff Rising

+1(517) 605-1286
$ 975,000
Est. payment | /mo

28 Baths

16,573 SqFt

Save
$ 975,000
Est. payment | /mo
Save

28 Baths

16,573 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,573 sqft

Price per Sqft $58

Subdivision Mi

MLS Listing ID 60370972

Full Baths 28

Year Built 1925

Annual Tax Amount $2,537

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 122.00 x 121.00

Property Sub-Type Multi-Family

Property Description

Located on Baldwin Street just north of The Villages neighborhood, The Balren apartment building is within close proximity to Downtown Detroit and all major highways. Built in 1925, the three story brick building has been under renovations and presents a value-add investment opportunity with potential for over $300,000 in gross income. List of improvements permitted and approved by BSEED include in-wall and underground plumbing, mechanical, electrical, new split units installed and new framing completed for 13 of 26 units. There’s a new laundry room with new concrete slab in basement. The building consists of 26 apartments including: - 6 studios - 18 one bedrooms - 2 two bedroom apartments. Expected monthly rents range from $850 to $1,250 per month. There’s an additional parking lot included directly next to the building.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Commercial

Rooms

Basement Block, Partially Finished

Interior

Heating Electric Heat, Forced Air

Fireplace No

Exterior

Exterior Feature Brick

Building

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Assessment Amount $100

Energy Description Electric

Financing Cash,Conventional

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by O'Connor Realty Detroit, LLC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(517) 605-1286

jeff@therisingteam.com

105 E Maumee St, Adrian, MI, 49221, USA

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4847 BALDWIN Street