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    3737 Scovel Pl Detroit, MI 48208

    For Sale
    $900,000

    MULTI_FAMILY - Detroit, MI

    Lot size:
    0.15 Acres
    Days on Market:
    103
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 3737 Scovel Pl

    General Information

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

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Radiant

    Building Details

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

    Golden Key Real Estate LLC (313) 638-2474

    Listing agent Ryan Heward (248) 251-4670

    Listing date Sep 3, 2025

    Copyright © 2025 Montcalm County 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

    Updated Apartment Building Investment Opportunity

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.107343
    Latitude
    42.353736

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    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 Pl 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.
    (248) 251-4670
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3737 Scovel Pl Detroit, MI 48208
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