319 Edsel Ford Fwy Detroit, MI 48202

Property Details for 319 Edsel Ford Fwy

Year built

1914

Property size

10,926 SF

Property type

Residential income homes

Description

This exceptional 14-unit multifamily property, located at 319 E Edsel Ford Fwy in Detroit, Michigan's Midtown neighborhood, presents a unique investment opportunity. Situated on the border of Milwaukee Junction, this property boasts a total square footage of 10,926 and is offered at an asking price of $399,000 ($36.52 per square foot). Built in 1914, the building requires a complete gut renovation, including a thorough clean-out and stabilization. Currently configured with four units per floor across three floors, plus two additional basement apartments, this property offers significant potential for value creation. The existing layout features fourteen units in total. This is a standard (private) ownership opportunity located within an Opportunity Zone, providing potential tax advantages for qualified investors. The property's prime location and substantial size make it an ideal project for investors seeking a high-impact renovation and repositioning opportunity in a rapidly developing area of Detroit. The property is being sold by the owner. This is a rare chance to acquire a large-scale multifamily project in a vibrant and up-and-coming neighborhood.