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Additional details

Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 585,000

Est. payment -/mo

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Accepting Backup Offers

503 ALGER Street Detroit, MI 48202

8 Beds

7,588 SqFt

UPDATED:

09/06/2024 04:46 PM

Key Details

Property Type Commercial

Sub Type Apartments,Real Estate Only

Listing Status Accepting Backup Offers

Purchase Type For Sale

Square Footage 7,588 sqft

Price per Sqft $77

Subdivision Beamer & Fraers Sub (Plats)

MLS Listing ID 20240008286

Bedrooms 8

Originating Board Realcomp II Ltd

Year Built 1918

Annual Tax Amount $1,967

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 70 x 113

Property Description

If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family

Direction Alger and Beaubian

Interior

Heating Radiant

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 3 Story

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W03I002322S

Ownership Short Sale - No,Private Owned

Assessment Amount $100

Acceptable Financing Cash, Conventional, Warranty Deed

Rebuilt Year 1918

Listing Terms Cash, Conventional, Warranty Deed

Financing Cash,Conventional,Warranty Deed

Special Listing Condition Full Service

Listed by EXP Realty LLC

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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