Updated Multifamily Investment
For Sale
Contact for pricing
3211 Ludden St, Detroit, MI 48207
Updated throughout building currently operated as a short-term rental, with adjacent city-owned parcels that may allow expansion.
Property SizeContact for details
Days on Market124
Property Features for 3211 Ludden St
General Information
Standard status
Active
Property subtype
Hospitality, Mixed Use
Listing Agency:
Insite Commercial
(248) 359-9000
Listed By:
Randy Thomas · License #MI 6502106098
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 12:22PM
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 Insite Commercial
Investment Insights
Based on property information with market context.
This property is an updated residential income building being rented out as a short-term rental. The current owner reports operating it on an Airbnb basis and notes weekend bookings for much of 2019, offering flexibility for an owner-occupant or investor depending on how the property will be managed going forward.
The site is described as being within blocks of the Heidelberg Project, Eastern Market, and Downtown, and it also neighbors a new mixed-use development. The remarks also indicate the possibility of expansion, with adjacent parcels owned by the city.
The site is described as being within blocks of the Heidelberg Project, Eastern Market, and Downtown, and it also neighbors a new mixed-use development. The remarks also indicate the possibility of expansion, with adjacent parcels owned by the city.
Key Highlights
- Updated throughout building currently operated as a short‑term rental
- Current short‑term rental income of $140/night
- Weekend booked for much of 2019
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 48207, MI
21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Updated throughout building currently operated as a short-term rental, with adjacent city-owned parcels that may allow expansion.
Where is this short term rental property located?
The property is located at 3211 Ludden St Detroit, MI.
What are key features of this property?
This property features: Updated throughout building currently operated as a short‑term rental; Current short‑term rental income of $140/night; Weekend booked for much of 2019
