Property profile

1947 Gladstone St Detroit, MI 48206

OFF-MARKET
Apartment buildings
Property ID
US43-5084887
2,554 SF 0.11 ac lot Built 1920
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Property summary

AI-generated overview

This exceptional two-unit brick townhouse presents a compelling investment opportunity in Detroit's vibrant Midtown neighborhood. Each unit offers substantial living space, boasting 1,250 square feet with three bedrooms and one bathroom. The property features a newer HVAC system ensuring efficient climate control, and beautiful hardwood floors add warmth and character. The generous square footage in each unit provides ample living space for tenants. Located in the heart of Midtown, this property benefits from proximity to a variety of shops, restaurants, and entertainment options. Built in 1920, this two-story building sits on a 0.11-acre lot and totals 2,554 square feet. The property is offered at $220,000 and is being sold as an owner/user investment. The Wayne County property's APN is 08002422. All information should be verified by the buyer. The seller will utilize their preferred title company.

Property profile

Verified
Property type Apartment buildings
Year built 1920
Total area 2,554 SF
Lot 0.11 ac (4,792 SF)
UPID US43-5084887

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1947 Gladstone St Detroit, MI 48206
Detroit metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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