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2255 Webb St Detroit, MI 48206

For Sale
$5,480,000

Multi Family - Detroit, MI

Type:Single Family Attached
Days on Market:
110
Last Refresh:
Dec 13 at 4:06 pm

Property Features for 2255 Webb St

General Information

Property type
Commercial Sale
Property subtype
Single Family Attached
Standard status
Active

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Number of units
156
Architectural style
Other

Eagle Realty LLC d/b/a Keller Williams Eagle Realty (305) 757-1700 [email protected]

Listing agent Justin Zehel (305) 757-1700 License #3598465

Listing date Aug 26, 2025

MLS# A11865994 Listing URL

Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Detroit Multifamily Investment Opportunity

This Russell Woods apartment complex features 156 units, presenting an add-value investment opportunity. The property, comprised of 28 buildings on a single plot of land, is partially occupied at 50%. The unit mix includes 100 one-bedroom, one-bath units and 56 two-bedroom, one-bath units. Occupied units are in good condition, while vacant units require minimal turnover work before renting. The property is fenced. Some roofs have been updated or replaced, and all windows have been upgraded to vinyl. The heating system is a mix of boiler heat for 48 units and individual furnaces for the remaining 108 units. Located in the Russell Woods Community of Detroit, the property offers good rents and the potential to become a cash cow with increased occupancy. Seller financing may be available with 50% down and the seller in first position.
Location Intelligence

Current Use by Public Records

Russell Wood Apartments Apartment Building

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.1090403
Latitude
42.3842626

FAQs

What type of property is this?
Apartment building - 156-unit apartment complex in Detroit's Russell Woods neighborhood.
Where is this apartment building located?
The property is located at 2255 Webb St Detroit, MI.
What is the asking price?
The asking price for this property is $5,480,000.
What are key features of this property?
This property features: - Add value investment opportunity with 156 units (100 one bed/one bath and 56 two bed/one bath).; - 50% occupancy provides immediate income with potential for significant increase.; - Seller financing available with 50% down.
More about this property
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