3417 Longfellow St Detroit, MI 48206
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.