15523 Mack Ave, Detroit, MI 48224

This mixed-use building presents an investment opportunity, featuring a total of 20 units. It includes 18 residential units, consisting of 4 studios, 12 one-bedroom units, and 2 two-bedroom units, along with 2 commercial spaces. Each residential unit is equipped with 1 bathroom. The property is located across from Grosse Pointe, offering proximity to its amenities with Detroit pricing. The building's configuration includes a garden/basement level with 2 one-bedroom units and 2 commercial units. The first and second floors each feature a mix of studios, one-bedroom, and two-bedroom units, with layouts ranging from approximately 435 to 599 square feet, plus shared common areas. The second floor mirrors the first. The location is walkable to everyday conveniences such as Aldi, Dollar Tree, and Huntington Bank, as well as public transportation, nearby restaurants, and retail options. It is a 5-minute drive to Beaumont Hospital, Trader Joe’s, and Starbucks, with quick access to Chick-fil-A and Chipotle Mexican Grill along Mack Ave, and approximately 15 minutes to Little Caesars Arena and Downtown Detroit. Architectural drawings are approved and shovel ready for development. There are no known special assessments or encroachments. On-street parking is available, along with rear alley access. The property offers upside with the ability to stabilize rents and maximize income and may qualify for incentive programs, including Brownfield TIF, OPRA, PILOT programs, SBA financing (commercial), and potential 4% LIHTC eligibility. The seller may be open to Land Contract terms.