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506 Kenilworth St Detroit, MI 48202

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For Sale
Contact for pricing

Four-unit apartment building, excellent ROI.

Property size:
3,280 SF

Property Features for 506 Kenilworth St

General Information

Property type
Multifamily properties
Square Feet
3,280 SF
Lot Size
4,356 SF

Building Details

Year Built
1911
Stories
2
Units
4

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Listing Contact
Andrew Battersby
Andrew Battersby

Listing Agency: Thomas Duke Company Listing Agent: Andrew Battersby

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

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Property Insight Report

Overview

This exceptional four-unit apartment building, located at 506 Kenilworth St in Detroit, Michigan's New Center neighborhood, presents a compelling investment opportunity. Built in 1911, this two-story structure boasts a total of 3,280 square feet situated on a 0.1-acre lot (APN: 03-002600.001). The property is zoned R3, allowing for flexibility in future use. Each of the four units offers significant potential for increased rental income, as current rents are below market value. Recent improvements include a newer roof and updated mechanical systems, minimizing immediate capital expenditure needs. The building's strong foundation and desirable location in a rapidly growing market ensure a stable and potentially lucrative investment. Financial details are available upon request. This property is priced at $449,000, representing an attractive price per unit of $112,250. Don't miss this chance to acquire a well-maintained multifamily property in a thriving Detroit neighborhood.
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

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.0764866
Latitude
42.3864547

FAQs

What type of property is this?
Multifamily property - Four-unit apartment building, excellent ROI.
Where is this multifamily property located?
The property is located at 506 Kenilworth St Detroit, MI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Four-unit apartment building for sale in Detroit's New Center neighborhood.; Located in a rapidly growing market.; Features a newer roof and updated mechanical systems.
(248) 476-3700 Call to check price and availability
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