Detroit Multifamily Investment
5700 TOWNSEND Street Detroit, MI 48213
5700 TOWNSEND Street, Detroit, MI, 48213
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For Sale
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MULTI_FAMILY - Other - Detroit, MI
Property Size4,112 SF
Lot Size0.08 Acres
Price / SF$6.93
Days on Market655
Property Features for 5700 TOWNSEND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family,Residential
- Bedrooms
- 10
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bathroom 6, Bedroom 10, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 1, Bathroom 4, Basement, Bedroom 9, Bedroom 6, Bathroom 5, Bedroom 8, Bathroom 1, Bedroom 5
- Standard status
- Active
- APN
- W17I012119S
- Size
- 4,112 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2024. E TOWNSEND 562 WM TAITS SUB L16 P87 PLATS, W C R 17/104 30 X 118
- Tax Annual Amount
- 4372
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1912
- Floors in Building
- 2
- Number of units
- 6
- Architectural style
- Other
Listing agency
Bellabay Realty Tri Counties
(248) 274-6614
Listed by
Natasha C Richards · License #6502385914
(248) 274-6614
Added: Oct 7, 2024 Updated: Jul 11 at 2:34AM Checked: Jul 23 at 1:06AM
MLS# 20240071565
Copyright © 2026 Realcomp Limited II. 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 six-unit apartment building in Detroit, Michigan, presents an investment opportunity. The property comprises four two-bedroom units and two one-bedroom units. The building requires renovation. Situated in an up-and-coming neighborhood, the 4,112 square foot property sits on a 0.08-acre lot. Note that the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for five tax years following the ownership transfer. This tax capture might not be compatible with tax abatements or lot combinations. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined after reviewing the development proforma and the effect of any tax abatements on financing. Refer to DLBA proposal guidelines for more information. The property is zoned for multi-family and residential use.
Key Highlights
- 6‑unit apartment building built in 1912 with Forced Air heating
- Unit mix: four 2‑bedroom units and two 1‑bedroom units
- Water source is public
Property Analytics
Property Profile
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Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit apartment building with potential in up-and-coming Detroit neighborhood.
Where is this apartment building located?
The property is located at 5700 TOWNSEND Street Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 6‑unit apartment building built in 1912 with Forced Air heating; Unit mix: four 2‑bedroom units and two 1‑bedroom units; Water source is public
