Advertise
    Location, address, ZIP or keywords
    Back to Search
    Updated Apartment Building Investment Opportunity

    3737 Scovel Place Detroit, MI 48208

    3737 Scovel Place, Detroit, MI, 48208
    $900,000
    For Sale
    Claim this Listing
    $900,000

    MULTI_FAMILY - Detroit, MI

    Lot Size0.15 Acres
    AddedJun 7, 2024
    Days on Market770
    Last RefreshJul 16 at 4:06 am

    Property Features for 3737 Scovel Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    1
    Rooms
    Basement, Bathroom 2, Bathroom 1, Bedroom 1
    Parking
    12
    Basement
    Full
    Standard status
    Active
    APN
    12009873.
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    S SCOVEL PLACE 5 E 1/2 4 MC LAUGHLINS SUB L22 P53 PLATS, W C R 12/106 45 X 140.18
    Tax Annual Amount
    12844

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Radiant

    Building Details

    Year built
    1927
    Number of units
    20
    Building materials
    Brick
    Roof type
    Rubber

    Listing agent Ryan Heward

    Listing office Golden Key Real Estate LLC 305 E Maple Road, Troy, MI

    Listing date Jun 7, 2024

    MLS# 24029554 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This is an investment opportunity featuring a newly updated 20-unit apartment building with leases in place. The property is conveniently located less than 10 minutes from downtown Detroit and just 5 minutes from midtown. Ample parking is available in an attached concrete lot directly next to the building. The entire building has been rental certified and has passed lead inspection by the city of Detroit. The unit mix consists of 10 one-bedroom units and 10 studio units. The majority of all units have newer flooring, paint, and lighting. All unit doors are equipped with steel doors with keyless/digital entry as well as deadbolt locks. Each unit is separately metered for electricity, and tenants pay their own electric bills. All one-bedroom units have new furnaces and AC units. Each studio unit has new mini-split systems that have heat and AC. The majority of the plumbing stacks have been replaced. The front door has new hinges and a locking mechanism, and the back door is an all-new steel door. The roof was aluminum seal coated in 2016, and the hot water tank for the entire building was replaced in 2016. The entire building has newer windows. All common areas have new LED light fixtures. A new camera system has been installed throughout the building and outside. The lot size is 0.15 acres.

    Key Highlights

    • Newly updated 20‑unit apartment building with leases in place, providing immediate rental income.
    • Convenient location: less than 10 minutes to downtown and 5 minutes to midtown.
    • All units are separately metered for electric, with tenants paying their own electric bills.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Restaurant HVAC Service Parking Lot & Garage Gym & Fitness Center Nail Salon Dental Office Building Supply

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

    Similar For Sale Nearby

    • $344,900
      4,468 SF

      Turnkey Auto Repair Shop

      Turnkey automotive service center with multiple roll-up doors, hydraulic lifts, and a fenced yard for repair and storage operations.
      13118 Gratiot Avenue, Detroit, MI 48205
      View Details
    • $239,900
      8,000 SF

      Turnkey Dry Cleaning Facility

      For sale turnkey dry-cleaning operation with approximately 8,000+ square feet of commercial space on a small lot.
      2854 E 7 Mile Road, Detroit, MI 48234
      View Details
    • $975,000
      2,100 SF

      Rail-Served Heavy Industrial Yard

      Rail-served heavy industrial site with a fully fenced, gated yard for logistics and equipment storage.
      175 S Campbell Street, Detroit, MI 48209
      View Details
    • $200,000
      3,900 SF

      Turnkey Office Building with Suites

      Newly renovated office building offers nine private suites plus an open-concept area with two restrooms and a kitchen.
      14750 Puritan Avenue, Detroit, MI 48227
      View Details
    • $999,999
      9,000 SF

      Fully Renovated 18-Unit Apartment Building

      An 18-unit brick multifamily property offering renovated 1- and 2-bedroom units with current occupancy for immediate income potential.
      13233 La Salle Boulevard, Detroit, MI 48238
      View Details
    • $174,000
      2,000 SF

      Retail Storefront with Salon Buildout

      Former nail salon with office, multiple wash stations, and ample parking for a service-focused retail use.
      8235 W 8 Mile Road, Detroit, MI 48221
      View Details
    • $279,900
      3,100 SF

      Flex Warehouse with Built-In Office Studio

      Fully renovated flex space with roll-up access and a built-out podcast studio for flexible distribution and content use.
      16813 WYOMING Street, Detroit, MI 48221
      View Details
    • $725,000
      5,832 SF

      Detroit Multifamily Investment Opportunity

      Turnkey 8-unit property in desirable Detroit neighborhood.
      13660 Ohio Street, Detroit, MI 48238
      View Details
    • $500,000
      10,222 SF

      Detroit Multifamily Investment Opportunity

      16-unit apartment building with value-add potential in Detroit.
      10400 Whittier Street, Detroit, MI 48224
      View Details
    • $749,900
      5,874 SF

      Mixed-Use Building with Storefronts

      Five-unit style mixed-use building includes three storefronts and two upper apartments, with a ready-to-operate restaurant space.
      14318 E Jefferson Avenue, Detroit, MI 48215
      View Details
    • $2,999,999
      16,860 SF

      Six-Property Multifamily Portfolio

      Six multifamily buildings sold together, including one fully renovated and occupied unit with five others prepared for redevelopment.
      18036 SCHOENHERR Street, Detroit, MI 48205
      View Details
    • $2,999,999
      6,702 SF

      Multifamily Portfolio for Sale

      Six multifamily properties are offered together, with one fully renovated and occupied and five in cleared, secured condition.
      18029 SCHOENHERR Street, Detroit, MI 48205
      View Details

    FAQs

    What type of property is this?
    Apartment building - Newly updated 20-unit apartment building near downtown Detroit.
    Where is this apartment building located?
    The property is located at 3737 Scovel Place Detroit, MI.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Newly updated 20‑unit apartment building with leases in place, providing immediate rental income.; Convenient location: less than 10 minutes to downtown and 5 minutes to midtown.; All units are separately metered for electric, with tenants paying their own electric bills.
    Contact an agent
    (248) 251-4670
    We can help!
    Contact an agent
    Ryan Heward
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3737 Scovel Place, Detroit, MI 48208
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!