Detroit Multifamily Renovation
For Sale
$50,000
8788 Dexter Ave, Detroit, MI 48206
Multifamily home for renovation in Detroit's convenient Dexter Avenue.
Property SizeContact for details
Days on Market105
Property Features for 8788 Dexter Ave
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1918
Listing Agency:
SCS Great Lakes INC
(586) 210-3350
Listed By:
Erick Monzo
(586) 210-3350
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 5 at 12:06PM
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 SCS Great Lakes INC
Investment Insights
Based on property information with market context.
Located along Dexter Avenue, this multifamily home in Detroit presents a renovation opportunity. The property is situated in a location noted for its convenience, accessibility, and neighborhood character. The Detroit Land Bank Authority (DLBA) seeks proposals for the renovation and reuse of this property, and interested buyers should submit a complete proposal outlining the intended use, renovation scope, project budget, timeline, proof of funds, and relevant prior experience. Proposals will be reviewed based on purchase price, project feasibility, financial capacity, development experience, and neighborhood benefit. The DLBA is entitled to a tax capture for the five tax years following the transfer of ownership, which may be incompatible with certain tax abatements. The DLBA will review waiver requests on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and the impact of any tax abatement on the project financing. The property has a bike score of 54, indicating it is bikeable, a walk score of 35, indicating car-dependent, and a transit score of 52, indicating good transit.
Key Highlights
- Renovation Opportunity: Ideal for buyers seeking a renovation project.
- Convenient Location: Situated along Dexter Avenue, offering accessibility.
- Good Transit: TransitScore of 52 indicates good public transportation options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily home for renovation in Detroit's convenient Dexter Avenue.
Where is this multifamily property located?
The property is located at 8788 Dexter Ave Detroit, MI.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Renovation Opportunity: Ideal for buyers seeking a renovation project.; Convenient Location: Situated along Dexter Avenue, offering accessibility.; Good Transit: TransitScore of 52 indicates good public transportation options.
