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    1104 Grand Blvd Detroit, MI 48207

    Sponsored
    For Sale
    $160,000

    Four-unit rental portfolio, prime redevelopment site.

    Property size:
    3,174 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional investment opportunity presents a four-unit multifamily property located at 1104-1106 E. Grand Blvd in Detroit, Michigan. The property, situated on a 0.138-acre lot, boasts a total of 3,174 square feet of net rentable space across two stories. Built in 1908, the property is classified as Class C and is zoned R5, offering significant redevelopment potential. The asking price is $160,000, translating to $50.41 per square foot and $40,000 per unit. This represents a compelling entry point into the Detroit real estate market. The property's location in Wayne County, with the address 1104-1106 E. Grand Blvd, Detroit, MI 48207, offers convenient access to various amenities and transportation options. The property's existing structure provides a solid foundation for a variety of redevelopment strategies, catering to the growing demand for rental housing in the area. The property's parcel number is 15007672. This is a rare chance to acquire a multifamily property in a desirable location with significant upside potential. Investors seeking a strong return on investment should act quickly to secure this promising opportunity.

    Property Features for 1104 Grand Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,174 SF
    Class
    C
    Lot Size
    6,011 SF

    Building Details

    Year Built
    1908
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • $160,000 asking price for a four‑unit multifamily property.
    • Four units in a single building, totaling 3,174 square feet.
    • $50.41 per square foot and $40,000 per unit.
    • Located at 1104 E Grand Blvd, Detroit, MI 48207, on a 0.138‑acre lot.
    • Built in 1908, this Class C property is zoned R5.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0179052
    Latitude
    42.3724146

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit rental portfolio, prime redevelopment site.
    Where is this multifamily property located?
    The property is located at 1104 Grand Blvd Detroit, MI.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: $160,000 asking price for a four-unit multifamily property.; Four units in a single building, totaling 3,174 square feet.; $50.41 per square foot and $40,000 per unit.
    (313) 406-9110
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    1104 Grand Blvd Detroit, MI 48207
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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
    1104 Grand Blvd Detroit, MI 48207
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