Six-Unit Apartment Building in
For Sale
Contact for pricing
5700 TOWNSEND St, Detroit, MI 48213
Six-unit apartment building in up-and-coming Detroit neighborhood.
Property Size4,112 SF
Days on Market111
Property Features for 5700 TOWNSEND St
General Information
Standard status
Active
Size
4,112 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$4,372
Building Details
Building Size
4,112 SF
Year Built
1912
Units
6
Listing Agency:
Bellabay Realty Tri Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Source:
Elliman
Added: Apr 24
Changed: Aug 10
Last Checked: Aug 11 at 10:25AM
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 Bellabay Realty Tri Counties
Investment Insights
Based on property information with market context.
This six-unit apartment building offers significant potential in an up-and-coming Detroit neighborhood. The property comprises four two-bedroom units and two one-bedroom units. While the building requires renovation, it presents opportunities for growth. Note that the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for five years following the property's ownership transfer. This tax capture might not be compatible with tax abatements or lot combinations. The DLBA will assess requests to waive its tax capture rights and may require a payment instead of taxes. The payment amount will be determined after reviewing the development proforma and the impact of any tax abatements on financing. Refer to the DLBA proposal guidelines for details. The property has a bike score of 48, indicating it is somewhat bikeable, a walk score of 26, indicating car-dependent, and a transit score of 52, indicating good transit.
Key Highlights
- Six‑unit apartment building offers immediate rental income potential.
- Features a mix of unit sizes: Four 2‑bedroom units and two 1‑bedroom units.
- Located in an up‑and‑coming neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 48213, MI
19,088
Population
11,365
Households
1.7
Avg Household Size
39
Median Age
7%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
2,937
Density / Sq Mi
$33,755
Median Household Income
$24,765
Median Earnings
$837
Median Rent
$52,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building in up-and-coming Detroit neighborhood.
Where is this apartment building located?
The property is located at 5700 TOWNSEND St Detroit, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Six‑unit apartment building offers immediate rental income potential.; Features a mix of unit sizes: Four 2‑bedroom units and two 1‑bedroom units.; Located in an up‑and‑coming neighborhood.
