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12170 Dexter Ave Detroit, MI 48206

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33-Unit Detroit Apartment Building

Property size:
37,143 SF

Property Features for 12170 Dexter Ave

General Information

Property type
Multifamily properties
Square Feet
37,143 SF
Lot Size
9,583 SF

Building Details

Year Built
1926
Stories
10
Units
33

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Listing Contact
Heather Dell
Heather Dell

Listing Agency: ReMax Leading Edge (office) Listing Agent: Heather Dell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 33-unit apartment building located at 12170 Dexter Avenue in Detroit, Michigan, 48206. The property, built in 1926, boasts 37,143 square feet across ten stories and sits on a 0.22-acre lot (APN: W12I010519S). Zoned for multi-family use, it features 26 one-bedroom units, six two-bedroom units, and a superintendent's unit. The building, while requiring a full rehabilitation, showcases original luxury details including marble and tile work, offering significant potential for restoration. Its location within the rapidly developing Dexter Corridor provides exceptional upside. The area is experiencing a major revitalization, including over $30 million in awarded grants for streetscape improvements, infrastructure upgrades, and the addition of EV charging stations, new water lines, and pedestrian walkways. Proximity to key areas like New Center, Henry Ford Hospital, and the Joe Louis Greenway further enhances its appeal. The building's potential for high rental rates, particularly given its proximity to employment centers and its appeal to recent graduates and relocating professionals, makes this a compelling investment opportunity in a burgeoning Detroit neighborhood. The asking price is $495,000 ($13 per square foot). This is a chance to capitalize on Detroit's revitalization and establish a strong presence in a rapidly appreciating market.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.1258529
Latitude
42.3826111

FAQs

What type of property is this?
Multifamily property - 33-Unit Detroit Apartment Building
Where is this multifamily property located?
The property is located at 12170 Dexter Ave Detroit, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 33-unit apartment building in Detroit, MI (48206) at 12170 Dexter Avenue.; 10-story building (37,143 sq ft) on a 0.22-acre lot (APN: W12I010519S), built in 1926.; Unit mix: 26 one-bedroom, 6 two-bedroom, and 1 superintendent's unit; requires full rehabilitation.
(248) 464-1116 Call to check price and availability
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