1017 Grand Blvd Detroit, MI 48207
- Residential income homes
- 2,900 SF
- 0.17 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1017 Grand Blvd
- Year built
- 1914
- Lot size
- 0.17 lot acres
- Property size
- 2,900 SF
- Property type
- Residential income homes
- APN
- 15007667
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0172891
- Latitude
- 42.3699951
