1561 Webb St Detroit, MI 48206

Building Details

Year Built

1916

Listing agency EXP Realty Main j***@exprealty.com Show Phone

Listed by Jennifer Aparicio-Zavalza Show Phone

Source Elliman

Added: Apr 28 Updated: Jul 20 at 7:04PM Checked: Jul 22 at 1:01PM

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Investment Insights

Based on property information with market context.

This eight-unit brick multifamily property offers a renovation-focused foundation with a new roof and interior work already completed through full interior demo down to the studs, creating a true blank-slate layout for redevelopment and reconfiguration.

The property is located in Detroit and benefits from transportation scores indicating good transit access, with walk score reflecting a more car-dependent day-to-day environment.

A full scope of work is available, including a project proposal from a licensed contractor with detailed plans, unit layouts, and modern finish concepts for each unit. Projected market rents are estimated between $950 and $1,200 per unit once completed, supporting a value-add approach for buyers seeking an income-oriented, redevelopment plan.

Key Highlights

• 8‑unit brick multifamily property in Detroit built in 1916
• New roof
• Fully interior demoed down to the studs, creating a blank slate for redevelopment

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FAQs

What type of property is this?

Apartment building - Eight-unit brick multifamily property has a new roof and was demoed down to the studs for renovation.

Where is this apartment building located?

The property is located at 1561 Webb St Detroit, MI.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: 8‑unit brick multifamily property in Detroit built in 1916; New roof; Fully interior demoed down to the studs, creating a blank slate for redevelopment