Colonial Quadplex With
For Sale
Contact for pricing
Pending
8773 PETOSKEY Avenue, Detroit, MI 48204
MULTI_FAMILY - Colonial - Detroit, MI
Property Size3,584 SF
Lot Size0.09 Acres
Days on Market1338
Property Features for 8773 PETOSKEY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bathroom 4, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 8, Bathroom 1, Basement, Bedroom 5, Bedroom 3, Bedroom 4
Pets allowed
Yes
Subdivision
LAMBRECHT KELLY & COS GRAND RIVER TERMINAL(PLATS)
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
TAKE GRAND RIVER AVE HEADED SOUTH MAKE A LEFT TURN ONTO MACKINAC THAN MAKE A RIGHT ONTO PETOSKEY
Standard status
Pending
APN
W14I007114S
Size
3,584 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
W PETOSKEY 119 LAMBRECHT, KELLY & COS GRAND RIVER TERM SUB L27 P86 PLATS, W C R 14/162 40 X 100
Legal Description
W PETOSKEY 119 LAMBRECHT, KELLY & COS GRAND RIVER TERM SUB L27 P86 PLATS, W C R 14/162 40 X 100
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1918
Floors in Building
2
Number of units
4
Building materials
Brick
Architectural style
Colonial
Listing Agency:
RCH Brokerage Legacy Inc
(248) 440-2268
Listed By:
Leonard A Pickett III · License #6501306589
(248) 440-2268
Added: Dec 13, 2022
Changed: Aug 1
Last Checked: Aug 12 at 6:06PM
MLS# 20221067394
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Investment Insights
Based on property information with market context.
This Colonial quadplex is situated on a 0.09-acre lot and includes 3,584 square feet of building area. Constructed with brick and served by public water, the property is heated with forced air and has a basement. The room layout includes eight bedrooms and four bathrooms, giving a straightforward configuration for an income-focused setup, subject to the buyer’s renovation scope.
The asset is located in Detroit, Wayne County, within Residential zoning. The buyer must submit a proposal to purchase that includes detailed rehab plans and a financing plan with proof of funds or a pre-approval letter, or a new construction loan. The DLBA will review requests related to tax capture and may require a payment in lieu of taxes for approval. BATVAI, and attached documents include DLBA requirements.
Built in 1918, this property is best suited for buyers prepared to complete a full rehab and manage the renovation planning and financing package required for consideration.
The asset is located in Detroit, Wayne County, within Residential zoning. The buyer must submit a proposal to purchase that includes detailed rehab plans and a financing plan with proof of funds or a pre-approval letter, or a new construction loan. The DLBA will review requests related to tax capture and may require a payment in lieu of taxes for approval. BATVAI, and attached documents include DLBA requirements.
Built in 1918, this property is best suited for buyers prepared to complete a full rehab and manage the renovation planning and financing package required for consideration.
Key Highlights
- 0.09‑acre lot with 3,584 SF quadplex building
- Brick construction with forced‑air heating
- Residential zoning
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
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?
Quadplex - Residential quadplex with brick construction, forced-air heat, public water, and basement space requiring rehab.
Where is this quadplex located?
The property is located at 8773 PETOSKEY Avenue 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: 0.09‑acre lot with 3,584 SF quadplex building; Brick construction with forced‑air heating; Residential zoning
