Multifamily Property in Virginia
1197 VIRGINIA PARK St Detroit, MI 48202
For Sale
$1,075,000
Pending
Well-maintained 9-unit property with strong rental potential.
Property Size16,546 SF
Days on Market115
Property Features for 1197 VIRGINIA PARK St
General Information
Standard status
Pending
Size
16,546 SF
Property subtype
Commercial
Building Details
Year Built
1916
Listing Agency:
Keller Williams Somerset
(248) 530-7292
Listed By:
James T Silver · License #6501302927
(248) 530-7292
Source:
Elliman
Added: Apr 4
Changed: Jul 10
Last Checked: Jul 27 at 5:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Somerset
Investment Insights
Based on property information with market context.
Located in Detroit’s Virginia Park neighborhood, this well-maintained 9-unit townhouse-style multifamily property presents an investment opportunity within an Opportunity Zone. The building, situated in the New Center area, features a unit mix that includes six 2-bedroom units, two 5-bedroom units, and one 4-bedroom unit. All units are currently occupied, providing immediate cash flow. Updates include a freshly painted exterior (2025) and new gutters (2025). Several units have been remodeled in 2024–2025. Each unit includes central air conditioning, newer furnaces, hot water tanks, and updated appliances, including in-unit washers and dryers. Additional features include semi-finished basements, ADT alarm systems, and an exterior security camera system. The property has been owned and professionally managed for over 20 years. It is conveniently located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways. The property has an estimated total finished area of 16,546 square feet, which includes basements each with their own baths. The bike score is 56, indicating it is bikeable. The walk score is 70, indicating it is somewhat walkable. The transit score is 47, indicating some transit is available.
Key Highlights
- Fully occupied 9‑unit multifamily property providing immediate cash flow.
- Located in Detroit's desirable Virginia Park neighborhood within an Opportunity Zone.
- Diverse unit mix maximizing rental income with six 2‑bedroom, two 5‑bedroom, and one 4‑bedroom units.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 9-unit property with strong rental potential.
Where is this apartment building located?
The property is located at 1197 VIRGINIA PARK St Detroit, MI.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Fully occupied 9‑unit multifamily property providing immediate cash flow.; Located in Detroit's desirable Virginia Park neighborhood within an Opportunity Zone.; Diverse unit mix maximizing rental income with six 2‑bedroom, two 5‑bedroom, and one 4‑bedroom units.
