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    1473 Taylor St Detroit, MI 48206

    For Sale
    $89,900

    Six-unit multifamily property in prime location with rehab potential.

    Lot size:
    0.16 Acres

    Property Features for 1473 Taylor St

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1916

    Source: RE/MAX Leading Edge Agent Samuel Kain

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Six-Unit Multifamily in Virginia Park

    This six-unit multifamily property in Virginia Park features six two-bedroom units. There is space to add two additional one-bedroom units in the walk-up attic. The property requires a full rehabilitation. Once completed, the units could generate rental income. The property is located less than a block away from the Herman Kiefer project and two blocks from the Lodge freeway. Properties with five or more units are rare in the greater New Center area. Cash or hard money only; no seller financing.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0943213
    Latitude
    42.3769519

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in prime location with rehab potential.
    Where is this apartment building located?
    The property is located at 1473 Taylor St Detroit, MI.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: - Massive multi-family property.; - Potential for high rental income (over $110K annually) after rehab.; - Prime location: near Herman Kiefer project and Lodge freeway.
    (734) 751-4468
    Request Owner's contact information
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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
    1473 Taylor St Detroit, MI 48206
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