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    1017 Grand Blvd Detroit, MI 48207

    Sponsored
    For Sale
    $140,000

    Prime Detroit duplex, 2 units, $140k.

    Property size:
    2,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional redevelopment opportunity presents a charming two-unit multifamily property located at 1017 E Grand Blvd in Detroit, Michigan. Built in 1914, this Class C property boasts a total of 2,900 square feet across two stories, situated on a 0.17-acre lot. Each unit offers significant potential for renovation and increased rental income. The property is zoned R5, providing flexibility for future development plans. The asking price is $140,000, translating to $70,000 per unit and $48.28 per square foot. The property's address is 1017 E Grand Blvd, Detroit, MI 48207, and its APN is 15007667. This investment presents a unique chance to capitalize on the growing Detroit real estate market. The existing structure provides a solid foundation for a value-add project, allowing for creative design and modern updates to maximize rental returns. The property's location in Wayne County offers convenient access to local amenities and transportation. Don't miss this chance to acquire a promising multifamily property in a vibrant urban setting.

    Property Features for 1017 Grand Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,900 SF
    Class
    C
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1914
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • Asking price: $140,000
    • Multifamily property with two units, totaling 2,900 square feet.
    • Located in Detroit, MI, at 1017 E Grand Blvd, in Wayne County, zip code 48207.
    • Built in 1914, Class C property on a 0.17‑acre lot.
    • $48.28 per square foot, $70,000 per unit. R5 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0172891
    Latitude
    42.3699951

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    FAQs

    What type of property is this?
    Multifamily property - Prime Detroit duplex, 2 units, $140k.
    Where is this multifamily property located?
    The property is located at 1017 Grand Blvd Detroit, MI.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: Asking price: $140,000; Multifamily property with two units, totaling 2,900 square feet.; Located in Detroit, MI, at 1017 E Grand Blvd, in Wayne County, zip code 48207.
    (313) 406-9110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1017 Grand Blvd Detroit, MI 48207
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