Brick Multifamily
For Sale
$39,900
5310 Grayton St, Detroit, MI 48224
Residential income property in East English Village requiring comprehensive renovation before occupancy or redevelopment.
Property Size1,564 SF
Price / SF$25.51
Days on Market56
Property Features for 5310 Grayton St
General Information
Standard status
Active
Size
1,564 SF
Property subtype
Multi-Family
Zoning
R1
Property Condition
Severity
Major Repairs Needed
Evidence
needs full rehab
Building Details
Year Built
1930
Construction
brick
Listing Agency:
Keller Williams First
(810) 515-1503
Listed By:
Oak & Stone Real Estate
(248) 266-0584
Source:
Oakandstonerealestate
Added: Aug 2
Changed: Sep 24
Last Checked: Sep 26 at 7:06AM
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 Keller Williams First
Investment Insights
Based on property information with market context.
This brick multifamily property at 5310 Grayton Street presents a residential income asset requiring comprehensive renovation. Constructed in 1930, the home is positioned for a purchaser prepared to develop and execute a detailed rehabilitation plan.
The property is located in Detroit’s East English Village neighborhood and carries Residential zoning, identified in the property remarks as R1. A purchase proposal must include a rehabilitation plan and financing documentation, such as proof of funds or a pre-approval letter for a new construction loan.
The Detroit Land Bank Authority retains tax-capture rights for the 5 tax years following transfer of ownership. Those rights may affect eligibility for other tax abatements, and any waiver request is subject to review of the development pro forma and financing impact.
The property is located in Detroit’s East English Village neighborhood and carries Residential zoning, identified in the property remarks as R1. A purchase proposal must include a rehabilitation plan and financing documentation, such as proof of funds or a pre-approval letter for a new construction loan.
The Detroit Land Bank Authority retains tax-capture rights for the 5 tax years following transfer of ownership. Those rights may affect eligibility for other tax abatements, and any waiver request is subject to review of the development pro forma and financing impact.
Key Highlights
- Brick multifamily property in Detroit’s East English Village neighborhood
- Built in 1930
- Residential zoning, identified as R1 in the property remarks
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 48224, MI
39,633
Population
16,786
Households
2.4
Avg Household Size
33
Median Age
14%
College-Educated
84%
High-School Grad
5.8 sq mi
ZIP Area
6,833
Density / Sq Mi
$42,963
Median Household Income
$30,997
Median Earnings
$1,213
Median Rent
$77,900
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 - Residential income property in East English Village requiring comprehensive renovation before occupancy or redevelopment.
Where is this multifamily property located?
The property is located at 5310 Grayton St Detroit, MI.
What is the asking price?
The asking price for this property is $39,900.
What are key features of this property?
This property features: Brick multifamily property in Detroit’s East English Village neighborhood; Built in 1930; Residential zoning, identified as R1 in the property remarks
