Renovated Multifamily
For Sale
$345,000
16917 Monica St, Detroit, MI 48221
Income-producing residential property with updated building systems and reported full occupancy near Detroit Mercy University.
Property Size4,274 SF
Price / SF$80.72
Days on Market49
Property Features for 16917 Monica St
General Information
Standard status
Active
Size
4,274 SF
Property subtype
Multi-Family
Occupancy
100%
Building Details
Year Built
1929
Listing Agency:
Munoz Realty Inc
Listed By:
Gaston Munoz · License #6501354648
(313) 918-6388
Source:
Premiermichiganhomesearch
Added: Aug 7
Changed: Sep 11
Last Checked: Sep 22 at 7:10PM
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 Munoz Realty Inc
Investment Insights
Based on property information with market context.
This multifamily property dates to 1929 and contains 4,274 square feet. The interior includes a bedroom, bathroom, kitchen, dining area, and living room, with renovated baths, ceramic tile flooring, carpeting in each bedroom, and updated kitchen cabinetry. Major improvements include a replacement roof, windows, gutters, electrical system, plumbing, furnaces, and hot water tanks.
The property is located at 16917 Monica St in Detroit, within walking distance of Detroit Mercy University. The property information reports that it is fully rented, providing an existing residential income profile for a buyer evaluating an updated multifamily asset.
The property is located at 16917 Monica St in Detroit, within walking distance of Detroit Mercy University. The property information reports that it is fully rented, providing an existing residential income profile for a buyer evaluating an updated multifamily asset.
Key Highlights
- 4,274‑square‑foot multifamily property built in 1929
- Reported 100% rented
- Within walking distance of Detroit Mercy University
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
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Business Placement
Demographics for 48221, MI
38,204
Population
17,452
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
7,347
Density / Sq Mi
$55,583
Median Household Income
$37,019
Median Earnings
$1,174
Median Rent
$138,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Income-producing residential property with updated building systems and reported full occupancy near Detroit Mercy University.
Where is this multifamily property located?
The property is located at 16917 Monica St Detroit, MI.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 4,274‑square‑foot multifamily property built in 1929; Reported 100% rented; Within walking distance of Detroit Mercy University
