1104 Grand Blvd Detroit, MI 48207
- Residential income homes
- 3,174 SF
- 0.14 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1104 Grand Blvd
- Year built
- 1908
- Lot size
- 0.14 lot acres
- Property size
- 3,174 SF
- Property type
- Residential income homes
- APN
- 15007672
Description
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.
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
- -83.0179052
- Latitude
- 42.3724146
