2302 Grand St Detroit, MI 48238
This exceptional investment opportunity presents a two-unit multifamily property located in Detroit, Michigan, at 2302 W Grand St, 48238. Built in 1925, this two-story building boasts a total of 3,828 square feet, offering ample space for tenants. Each unit is priced at $30,000, with an overall asking price of $60,000, resulting in a price per square foot of $15.67. The property is corporately owned and presents a strong potential for rental income, making it an attractive addition to any investment portfolio. Situated in a desirable Detroit suburb, this property benefits from convenient access to city amenities while offering the appeal of suburban living. The property's location provides a strong foundation for attracting and retaining tenants. The property is subject to land bank terms, which may offer additional investment incentives. All potential buyers are responsible for verifying all information and obtaining necessary city certifications where applicable. The seller will utilize their preferred title company for both buyer and seller sides.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.