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648 Prentis St Detroit, MI 48201

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For Sale
Pending
$600,000

Fully occupied six-unit apartment building in Midtown Detroit.

Lot size:
0.10 Acres

Property Features for 648 Prentis St

General Information

Property type
Investment
Standard status
Pending
Lot size
0.10 Acres

Building Details

Year built
1905

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Listing Contact
Martin Hill
Source: Elliman

Listing Agent: Martin Hill

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

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Overview

Midtown Detroit Six-Unit Apartment Building

Located in Midtown Detroit, this fully occupied six-unit apartment building offers an investment opportunity. The property is conveniently located near I-94, the Lodge Freeway, and Woodward Avenue, providing access to Midtown's cultural attractions, dining, and entertainment. The building includes one studio-style apartment, one loft-style apartment with central air, two one-bedroom units, and two two-bedroom apartments, one of which features a private balcony. Upgrades include new countertops, flooring, and disposals in every unit, as well as individual furnaces, water heaters, and window A/C units. Each unit has a dedicated load center with resettable breakers, and fiber optic cable and internet are installed. The front porch has been rebuilt, and some windows have been replaced with Detroit Historical Society-approved designs. The original lathe and plaster have been converted to drywall, and the building is lead-based paint free certified. Emergency lighting, smoke, and carbon monoxide detectors are installed throughout. All plumbing has been replaced with copper and PVC. The property features a basement coin laundry, upper and lower shared deck spaces, and dedicated parking. It has received full inspection clearance from the City of Detroit and meets all city code requirements. The building has steady income potential, and current rents remain under market value.
Location Intelligence

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Apartment buildings

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Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

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City
Detroit
County
Wayne
State
Michigan
Longitude
-83.0683214
Latitude
42.3521551

FAQs

What type of property is this?
Apartment building - Fully occupied six-unit apartment building in Midtown Detroit.
Where is this apartment building located?
The property is located at 648 Prentis St Detroit, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: - Fully occupied six-unit apartment building in Midtown Detroit, offering immediate income potential.; - Upgrades include new countertops, flooring, and disposals in every unit, plus individual furnaces and water heaters.; - Conveniently located near I-94, the Lodge Freeway, and Woodward Avenue, providing easy access to Midtown amenities.
More about this property
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