4847 Baldwin St Detroit, MI 48214

This exceptional value-add investment opportunity presents a 26-unit apartment building located at 4847 Baldwin St, Detroit, MI 48214. Situated on a 0.17-acre lot, this three-story brick building, constructed in 1925 and extensively renovated in 2024, offers significant upside potential. The property boasts 15,837 square feet and comprises a mix of 6 studio, 18 one-bedroom, and 2 two-bedroom apartments. Recent renovations, permitted and approved by BSEED, include complete overhauls of in-wall and underground plumbing, mechanical, and electrical systems. Thirteen of the twenty-six units feature new framing and newly installed split units. A new laundry room with a fresh concrete slab has been added to the basement. The building's prime location, just north of The Villages neighborhood and near Downtown Detroit and major highways, ensures strong tenant demand. Expected monthly rents range from $850 to $1,250, projecting a gross income exceeding $300,000. An additional parking lot is included adjacent to the building. This property represents a compelling investment opportunity with substantial potential for increased profitability. The building's recent renovations minimize immediate capital expenditure needs, allowing for a swift return on investment. This is a rare chance to acquire a well-positioned, renovated multifamily property in a rapidly growing Detroit neighborhood.