506 Kenilworth St Detroit, MI 48202

This exceptional four-unit apartment building, located at 506 Kenilworth St in Detroit, Michigan's New Center neighborhood, presents a compelling investment opportunity. Built in 1911, this two-story structure boasts a total of 3,280 square feet situated on a 0.1-acre lot (APN: 03-002600.001). The property is zoned R3, allowing for flexibility in future use. Each of the four units offers significant potential for increased rental income, as current rents are below market value. Recent improvements include a newer roof and updated mechanical systems, minimizing immediate capital expenditure needs. The building's strong foundation and desirable location in a rapidly growing market ensure a stable and potentially lucrative investment. Financial details are available upon request. This property is priced at $449,000, representing an attractive price per unit of $112,250. Don't miss this chance to acquire a well-maintained multifamily property in a thriving Detroit neighborhood.