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Property profile & analytics
OFF-MARKET
Dormitories

330 Melbourne St Detroit, MI 48202

3,032 SF Built 1911
Property ID
US43-4634711
Property summary
AI-generated overview

This meticulously restored 3-story, 3,032 sq ft multifamily property in Detroit's North End presents a unique investment opportunity. Built in 1911 and completely renovated in 2024, this charming home boasts 5 bedrooms and 5 full bathrooms, including a primary suite with an ensuite bath. The gourmet kitchen features new cabinets, granite countertops, and stainless steel appliances. Gorgeous wood flooring runs throughout the main living areas, which include a spacious living room, formal dining room with wood-beamed ceilings, and a large foyer. A separate 500 sq ft apartment on the third floor, accessible from both inside and outside, includes a kitchenette, full bath, and living/sleeping area. The finished basement offers an additional bedroom, full bath, new furnace/water tank, and laundry hookups. Exterior features include a new roof, new windows, new central air conditioning, a fenced yard with a 6-foot privacy fence, and a transferable alarm system. A detached two-car brick garage provides ample parking. Located near Wayne State University and downtown Detroit, this property benefits from its proximity to public transportation, major freeways, trendy restaurants, and the Schvitz Health Club. The area is experiencing significant development, making this a prime investment opportunity. The asking price is $409,000, with a price per unit of $204,500. The property is zoned for multifamily/residential use.

Property profile
Verified
Property type Dormitories
Year built 1911
Total area 3,032 SF
UPID US43-4634711
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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