4742 Anthony Wayne Dr Detroit, MI 48201
- Commercial real estate
- 12,658 SF
- 0.45 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4742 Anthony Wayne Dr
- Year built
- 1913
- Lot size
- 0.45 lot acres
- Property size
- 12,658 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 9-unit apartment building located at 4742 Anthony Wayne Dr, Detroit, MI 48201. The property, known as Hancock Row, offers 12,658 square feet of space within a charming, two-story building constructed in 1913. Currently enjoying 100% occupancy, this multifamily property generates strong income potential. The building sits on a 0.45-acre lot and is zoned R5, providing flexibility for future development. Its prime location, just 0.3 miles from Wayne State University, ensures high demand. The property features a courtyard and includes units with three bedrooms. With a 7.00% cap rate and a list price of $2,450,000, this is a compelling investment in a thriving Detroit neighborhood. The building's historic charm combined with its strong financial performance makes it an attractive prospect for discerning investors seeking a stable and potentially appreciating asset. This is a rare opportunity to acquire a well-maintained, high-occupancy multifamily property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.070221119707
- Latitude
- 42.352962068445
