2302 W Grand St Detroit, MI 48238
- Residential income homes
- 3,828 SF
Current Use by Public Records
- Residential income homes
Property Details for 2302 W Grand St
- Year built
- 1925
- Property size
- 3,828 SF
- Property type
- Residential income homes
- APN
- 08004631.
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1186343
- Latitude
- 42.3960291
