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Property profile & analytics
OFF-MARKET
Residential income homes

2302 Grand St Detroit, MI 48238

3,828 SF Built 1925
Property ID
US43-5057256
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Year built 1925
Total area 3,828 SF
APN 08004631.
UPID US43-5057256
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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