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    7538 Firwood St Detroit, MI 48204

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    For Sale
    Contact for pricing

    Four-unit brick multifamily property requiring major rehabilitation.

    Lot size:
    0.08 Acres

    Property Features for 7538 Firwood St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1924

    Source: Real Estate One-Southfield Agent Gene Kelley II

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

    Overview

    Detroit Multifamily Rehab Opportunity

    This four-unit brick multifamily property, offered by the Detroit Land Bank Authority, requires significant rehabilitation. Prospective buyers should bring design ideas and be prepared for a substantial renovation project. The Detroit Land Bank Authority retains the right to a tax capture for the five tax years following the property's ownership transfer. This tax capture might not be compatible with tax abatements or lot combinations typically available to the purchaser. The DLBA will assess requests to waive its tax capture rights and may require a payment instead of taxes to approve these requests. The payment amount will be determined after reviewing the development proforma and the impact of any tax abatements on the purchase and development financing. Refer to the DLBA proposal guidelines for further details.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1174048
    Latitude
    42.3566455

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    FAQs

    What type of property is this?
    Quadplex - Four-unit brick multifamily property requiring major rehabilitation.
    Where is this quadplex located?
    The property is located at 7538 Firwood St Detroit, MI.
    What is the asking price?
    The asking price for this property is $21,500.
    What are key features of this property?
    This property features: - Four-unit multifamily property, presenting an opportunity for major rehabilitation.; - Solid brick construction.; - Located in Detroit.
    (248) 723-0055
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    7538 Firwood St Detroit, MI 48204
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    Detroit, MI 48204
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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
    7538 Firwood St Detroit, MI 48204
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