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Property profile & analytics
OFF-MARKET
Commercial real estate

3417 Longfellow St Detroit, MI 48206

2,862 SF 0.08 ac lot Built 1925
Property ID
US43-4833424
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-maintained four-unit apartment building located at 3417 Longfellow Street in Detroit, Michigan. Built in 1925 and extensively renovated in 2020, this two-story brick structure offers a total of 2,862 square feet situated on a 0.08-acre lot. The property is zoned for multi-family use (APN: 12002797) and features four units, each boasting two bedrooms and one bathroom. Residents enjoy the convenience of basement storage and laundry capabilities. Currently occupied, the property will be delivered vacant to the new owner, providing immediate potential for rental income generation. This is a prime opportunity for investors seeking a solid return in a growing Detroit neighborhood. The building's recent renovation ensures minimal immediate maintenance needs, allowing for a smooth transition into ownership. The property's location in Wayne County, Michigan, zip code 48206, offers convenient access to local amenities and transportation. This is a rare chance to acquire a well-maintained multifamily property in a desirable location at an attractive asking price of $235,000.

Property profile
Verified
Property type Commercial real estate
Year built 1925
Total area 2,862 SF
Lot 0.08 ac (3,485 SF)
APN 12002797
UPID US43-4833424
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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