5029 Field St Detroit, MI 48213
- Commercial real estate
- 2,708 SF
- 0.08 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5029 Field St
- Year built
- 1912
- Lot size
- 0.08 lot acres
- Property size
- 2,708 SF
- Property type
- Commercial real estate
- APN
- W15I007307S
Description
This meticulously renovated 2-unit apartment building, located at 5029 Field Street in Detroit, Michigan, presents a compelling investment opportunity. Built in 1912 and completely renovated in 2024, this property boasts 2,708 square feet situated on a 0.08-acre lot (APN: W15I007307S). The two-story building features two identical units, each offering approximately 1400 square feet of living space, three bedrooms, and two full bathrooms. Recent updates include new furnaces, hot water tanks, windows, plumbing, electrical systems, flooring, light fixtures, and completely rebuilt front and back porches, kitchens, and bathrooms. Each unit also includes a private basement. Both units are separately metered for efficient utility management. The property includes a private fenced-in yard and a parking pad, enhancing security and appeal. The building is zoned residential and is conveniently located minutes from downtown Detroit. This turnkey property offers immediate rental income potential, making it ideal for owner-occupancy or a purely rental investment strategy. The asking price is $375,000, translating to $138 per square foot. This is a rare opportunity to acquire a fully renovated, income-producing property in a desirable Detroit location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0184124
- Latitude
- 42.3744573
