Detroit, MI 48203,303 COVINGTON Drive
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Detroit, MI 48203,303 COVINGTON Drive
Detroit, MI 48203,303 COVINGTON Drive
Detroit, MI 48203,303 COVINGTON Drive
Detroit, MI 48203,303 COVINGTON Drive

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$ 1,400,000
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303 COVINGTON Drive Detroit, MI 48203

8,831 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 8,831 sqft

Price per Sqft $158

Subdivision Merrill Palmer (Also Pg 55 )

MLS Listing ID 20250024379

Originating Board Realcomp II Ltd

Year Built 1964

Annual Tax Amount $19,675

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 92.00 x 120.00

Property Sub-Type Real Estate Only

Property Description

MID-CENTURY IN THE CITY! Sellers have made an extensive investment into renovations, making this recently remodeled 15-unit Palmer Park GEM a prime income-generating property. 303 Covington consistently earns top-dollar rental income, with most units already updated or in the final stages of renovation—tenant-ready within the month.

Recent upgrades include a new boiler (2022), all new electrical service panels, dozens of replaced thermal windows, new in-unit ACs, and numerous interior improvements throughout each unit. This property has been a reliable income producer for decades and has undergone several thoughtful restorations, making it highly desirable for long-term, consistent occupancy.

Tenants enjoy a shared courtyard and laundry room, secure fencing, illuminated walkways, front and rear entrances, and first-come, first-served parking.

Rent rolls and expense reports available upon request. Don't miss this incredible investment opportunity in one of Detroit's most historic and revitalized neighborhoods!

Location

State MI

County Wayne

Area Det 6-8 Grfld-Dequindre

Zoning Commercial,Multi-Family

Direction Take Woodward To subject property

Exterior

Exterior Feature Fenced

Road Frontage Paved

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W02I002606S002L

Ownership Short Sale - No,Private Owned

Assessment Amount $750

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service


Realcomp MLS
Listed by Erick Monzo of Keller Williams Realty-Great Lakes
agent

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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