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Multi-Unit Income Property with Separate Utilities
For Sale
Contact for pricing
Pending

815 Central Street, Detroit, MI 48209

Income property with separate utilities per unit and updates in 2004, including a new furnace in 2021.

Property SizeContact for details
Days on Market142

Property Features for 815 Central Street

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 3

Building Details

Year Renovated 2004
Listing Agency: National Realty Centers Inc
Listed By: Beth Borson · License #MI
Source: Crexi
Added: Apr 11 Changed: Aug 13 Last Checked: Aug 26 at 12:27AM

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 National Realty Centers Inc

Investment Insights

Based on property information with market context.

This multi-unit income property at 815 Central Street offers 2–3 bedroom units. The units have separate utilities, and the property was updated in 2004. A new furnace was added in 2021. The sale is “as is,” with exterior showings only.

The property is being sold with buyer responsibilities clearly outlined in the offering, including the need for the buyer/buyer’s agent to order the reading and verify all information and data. Proof of funds is required with an offer, and repairs are to be assumed by the buyer.

Units are described as configured as a 2/3 unit income property, with each unit having its own utility setup, supporting independent tenant arrangements.

Key Highlights

  • 2–3 unit income property with separate utilities for each unit
  • Updates in 2004, including a new furnace in 2021
  • Sold "as is" with exterior showings only

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Gym & Fitness Center Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

354
Businesses Nearby

Demographics for 48209, MI

27,096
Population
11,020
Households
2.5
Avg Household Size
30
Median Age
10%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
3,985
Density / Sq Mi
$42,152
Median Household Income
$30,091
Median Earnings
$843
Median Rent
$82,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Income property with separate utilities per unit and updates in 2004, including a new furnace in 2021.
Where is this duplex located?
The property is located at 815 Central Street Detroit, MI.
What are key features of this property?
This property features: 2–3 unit income property with separate utilities for each unit; Updates in 2004, including a new furnace in 2021; Sold "as is" with exterior showings only
(248) 535-7888 Call to check price and availability
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