70 Westminster St Detroit, MI 48202
- Commercial real estate
- 4,986 SF
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 70 Westminster St
- Year built
- 1912
- Lot size
- 0.13 lot acres
- Property size
- 4,986 SF
- Property type
- Commercial real estate
- APN
- 01-003133
Description
This exceptional 8-unit apartment building, located at 70 Westminster St in Detroit, Michigan, presents a compelling investment opportunity. Built in 1912, this three-story, Class C multifamily property boasts 4,986 square feet and sits on a 0.13-acre lot (APN: 01-003133). The building is zoned R3, offering potential for redevelopment. Currently, the property features eight individual apartment units. The asking price is $800,000, translating to a land value of $160.45 per square foot. Situated in the Boston-Edison neighborhood of Detroit, this property offers a rare chance to acquire a multifamily asset in a desirable and historic area. The building's age presents opportunities for renovation and value enhancement, aligning with the current market demand for updated housing in established neighborhoods. Detailed financial information and property specifics are available upon request. This is a unique chance to acquire a substantial multifamily property in a rapidly developing area of Detroit.
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
- -83.0820005
- Latitude
- 42.3855994
