14536 E Jefferson Ave, Detroit, MI 48215

5,582 SF 0.13 ac lot Built 1913

Entity Owned 7-yr Hold Free & Clear

Property ID

US43-1040509

$595,000 5,582 SF

14536 E Jefferson Ave, Detroit, MI 48215
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This exceptional multifamily and office property, located at 14536 E Jefferson Ave in Detroit, Michigan, presents a unique investment opportunity. The 5,582 square foot building, constructed in 1913 and renovated the same year, is a well-maintained brick structure situated near the Detroit/Grosse Pointe border. The property features four units, offering a blend of commercial and residential potential. The ground floor boasts two large, side-by-side commercial spaces, ideal for various businesses. Upstairs, charming units are adaptable for use as either office space or residential apartments. A significant attached garage offers potential for additional rental income. Each side of the building includes a full basement. The asking price is $625,000, representing a compelling $118 per square foot and an attractive 8.00% capitalization rate. The property sits on a 0.13-acre lot and is zoned for commercial use. The sale includes the adjacent lot at 14526 Jefferson Avenue. The property is a Class B building with two stories and features the APN 21000336. Land contract terms are negotiable. This property is located in an Opportunity Zone.