1450 6Th St Detroit, MI 48226
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9-Unit Redevelopment Opportunity in Corktown
Property size:
7,500 SFProperty Features for 1450 6Th St
General Information
- Property type
- Multifamily properties
- Square Feet
- 7,500 SF
- Lot Size
- 18,295 SF
Building Details
- Year Built
- 1906
- Buildings
- 3
- Stories
- 2
- Units
- 9
Listing Agent: Jan Dijkers
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Corktown, Detroit investment presents a unique redevelopment opportunity encompassing a 9-unit multifamily portfolio across three buildings situated on a 0.42-acre lot. The assemblage includes a four-unit apartment building (1450 Sixth St) with a newer roof and boiler, offering immediate cash flow; a vacant lot; a Greek Revival single-family home (1440 Sixth St) requiring complete renovation; and a stabilized three-unit multifamily building (1430 Sixth St) with potential for expansion. The property boasts 7,500 square feet and is zoned B6, allowing for residential, commercial, and mixed-use development. Located in the heart of Corktown, this prime location is within walking distance of Michigan Avenue's vibrant restaurant scene and just one mile from Ford's Michigan Central Innovation District. The property benefits from its position within both an Opportunity Zone and a Neighborhood Enterprise Zone, providing significant tax advantages. This portfolio offers a compelling blend of immediate income generation and substantial long-term redevelopment potential, making it an attractive investment for experienced developers. The buildings were constructed in 1906 and are part of the Corktown historic district. The asking price is $1,899,000, representing $211,000 per unit and $253.20 per square foot. Tax ID numbers are 06004564-743 (most of the offering) and 06004563 (1430 Sixth St).
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
c3detroit - Corktown Cultural ...
Charitable Organization
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0608582
- Latitude
- 42.3302664
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 9-Unit Redevelopment Opportunity in Corktown
Where is this multifamily property located?
The property is located at 1450 6Th St Detroit, MI.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Exceptional Corktown, Detroit investment opportunity offering immediate cash flow and redevelopment potential.; Four-property assemblage totaling 7,500 square feet includes vacant land, a four-unit apartment building, a Greek Revival single-family home, and a stabilized three-unit apartment building.; Prime Corktown location, adjacent to the central business district and Riverfront, within walking distance of Michigan Avenue restaurants and one mile from Ford's Michigan Central Innovation District.
