506 Kenilworth St Detroit, MI 48202
- Commercial real estate
- 3,280 SF
- 0.10 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 506 Kenilworth St
- Year built
- 1911
- Lot size
- 0.10 lot acres
- Property size
- 3,280 SF
- Property type
- Commercial real estate
- APN
- 03-002600.001
Description
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.
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
- -83.0764866
- Latitude
- 42.3864547
