Multifamily Building with Expansion
For Sale
$89,900
1473 Taylor St, Detroit, MI 48206
6-unit apartment building with 2-bedroom units and an attic space that allows up to two additional 1-bedroom units.
Property SizeContact for details
Days on Market100
Property Features for 1473 Taylor St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
6
Building Details
Year Built
1916
Tenancy
Multi
Listing Agency:
REMAX LEADING EDGE
(313) 277-7777
Listed By:
Ryan E Kain · License #6501401697
(313) 277-7777
Source:
Elliman
Added: Apr 28
Changed: Jul 21
Last Checked: Aug 5 at 9:41AM
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 REMAX LEADING EDGE
Investment Insights
Based on property information with market context.
This multifamily apartment building currently features six 2-bedroom units. The property includes walk-up attic space with room to add two additional 1-bedroom units, though the building requires a full rehab to bring it back to standard condition.
The property is located less than a block from the Herman Kiefer project and about two blocks from the Lodge freeway. BikeScore is 42 (Somewhat Bikeable), WalkScore is 44 (Car-Dependent), and transitScore is 46 (Some Transit).
Financing is restricted to cash or hard money only; seller financing is not available. The current configuration and expansion potential make the property best suited for buyers prepared to renovate and reconfigure the interior to realize the added unit count.
The property is located less than a block from the Herman Kiefer project and about two blocks from the Lodge freeway. BikeScore is 42 (Somewhat Bikeable), WalkScore is 44 (Car-Dependent), and transitScore is 46 (Some Transit).
Financing is restricted to cash or hard money only; seller financing is not available. The current configuration and expansion potential make the property best suited for buyers prepared to renovate and reconfigure the interior to realize the added unit count.
Key Highlights
- 6‑unit multifamily building built in 1916 in Virginia Park
- All current units are 2‑bedroom apartments
- Walk‑up attic space offers potential to add up to 2 additional 1‑bedroom units
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - 6-unit apartment building with 2-bedroom units and an attic space that allows up to two additional 1-bedroom units.
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: 6‑unit multifamily building built in 1916 in Virginia Park; All current units are 2‑bedroom apartments; Walk‑up attic space offers potential to add up to 2 additional 1‑bedroom units
