1197 VIRGINIA PARK Street Detroit, MI 48202
- Added:
- Apr 3, 2026
- Days on Market:
- 27
- Last Refresh:
- Apr 29 at 6:06 pm
Property Features for 1197 VIRGINIA PARK Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Bedrooms
- 24
- Bathrooms
- 10
- Rooms
- Bedroom 15, Bedroom 17, Bathroom 1, Bedroom 13, Bathroom 5, Bathroom 9, Bathroom 2, Bedroom 14, Bedroom 2, Bedroom 11, Bathroom 10, Bedroom 19, Bedroom 9, Bedroom 18, Bedroom 1, Bedroom 5, Bedroom 16, Bathroom 6, Bedroom 20, Bathroom 7, Bathroom 3, Bedroom 23, Bedroom 3, Bedroom 21, Basement, Bathroom 4, Bedroom 6, Bedroom 12, Bedroom 24, Bedroom 4, Bedroom 22, Bedroom 10, Bathroom 8, Bedroom 7, Bedroom 8
- Pets allowed
- Call
- Exterior features
- Private Entry
- Standard status
- Active
- APN
- W06I001766S
- Size
- 11,100 SF
Taxes and HOA fees
- Tax Description
- S VIRGINIA PARK 24-25 VIRGINIA PARK SUB L28 P80 PLATS, W C R 6/125 80 IRREG
- Tax Annual Amount
- 5518
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1916
- Floors in Building
- 2
- Number of units
- 9
- Building materials
- Brick
- Roof type
- Shingle
Listing agent James T Silver License #6502374648 (248) 649-7200
Listing office Keller Williams Somerset 888 W Big Beaver Road #200, Troy, MI (248) 649-7200
Listing date Apr 3, 2026
MLS# 20261017989
Listing URL
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Overview
Detroit Multifamily Investment Opportunity
Located in Detroit's Virginia Park neighborhood, this well-maintained 9-unit townhouse-style multifamily property presents an investment opportunity. Situated in the New Center area within an Opportunity Zone, the property offers rental potential. The building comprises a mix of six 2-bedroom units, two 5-bedroom units, and one 4-bedroom unit. All units are currently occupied, providing immediate cash flow. Renovations were completed in 2015, with two units renovated within the past two years featuring new kitchens. 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 are semi-finished basements, ADT alarm systems, and an exterior security camera system. The property has been owned and professionally managed for over 20 years. The property is 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 own baths. A new occupancy permit as of April 2026 is valid until 4/23/29. All leases are for one year, and there is one Section 8 tenant. All tenants are employed except for the Section 8 tenant. All leases renew within a year if the tenants decide to renew.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.087894
- Latitude
- 42.371934
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 9-unit property in desirable Virginia Park neighborhood.
Where is this apartment building located?
The property is located at 1197 VIRGINIA PARK Street 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 offering immediate cash flow; Located in an Opportunity Zone near New Center, Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways; Diverse unit mix: six 2‑bedroom, two 5‑bedroom, and one 4‑bedroom units
