Building Details

Year Built 1920

Listing Agency: Clyde Realty LLC d***@gmail.com Show Phone

Listed By: David Rabior · License #6501406276 Show Phone

Source: Elliman

Added: Apr 21 Changed: Jul 10 Last Checked: Jul 29 at 12:06PM

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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 Clyde Realty LLC

Investment Insights

Based on property information with market context.

This multifamily property presents a value-add investment opportunity. Currently, the property generates $975 per month in total gross rent. The owner is responsible for covering the water utility. The property's location has a walk score of 31, indicating car-dependent surroundings, a bike score of 38, suggesting it is somewhat bikeable, and a transit score of 50, reflecting good transit options.

Key Highlights

• Immediate cash flow
• Value‑add opportunity
• Total gross rent of $975/month

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Restaurant Dental Office

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

Location Intelligence

Trade Area within ½ mile

345

Businesses Nearby

Explore this area Business Placement

Demographics for 48238, MI

25,747

Population

16,341

Households

1.6

Avg Household Size

37

Median Age

13%

College-Educated

84%

High-School Grad

5.4 sq mi

ZIP Area

4,768

Density / Sq Mi

$30,286

Median Household Income

$25,948

Median Earnings

$950

Median Rent

$58,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily property with immediate cash flow and value-add potential.

Where is this multifamily property located?

The property is located at 15338 Baylis St Detroit, MI.

What is the asking price?

The asking price for this property is $59,900.

What are key features of this property?

This property features: Immediate cash flow; Value‑add opportunity; Total gross rent of $975/month