3447-3471 Ewald Cir Detroit, MI 48238
- Apartment buildings
- 6,872 SF
Current Use by Public Records
- Apartment buildings
Property Details for 3447-3471 Ewald Cir
- Year built
- 1952
- Property size
- 6,872 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents an eight-unit townhome-style apartment building located at 3447-3471 Ewald Circle in Detroit, Michigan, 48238. The property, boasting a total of 6,872 square feet, is zoned R3 and features eight two-bedroom units, each with its own private entry. Built in 1952, this multifamily property has undergone significant capital improvements within the past three years, enhancing its value and appeal. The asking price is $595,000, translating to an attractive price per unit of $74,375. Financial details are available upon request. A certificate of compliance is readily accessible for prospective buyers. The property's location in Wayne County offers convenient access to various amenities and transportation routes. Seller financing is being considered, making this an even more compelling proposition for investors seeking a strong return on investment. The property's APN is 16-0238618. This is a rare chance to acquire a well-maintained, cash-flowing multifamily property in a growing Detroit market.
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
- -83.1381
- Latitude
- 42.3997
