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Additional details
$ 365,000
Est. payment /mo
Active
485 E GRAND BLVD Detroit, MI 48207
6 Baths
2,884 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,884 sqft
Price per Sqft $126
Subdivision More Than One Subdivision Involved
MLS Listing ID 20251013684
Style Colonial
Full Baths 4
Half Baths 2
Year Built 1912
Property Sub-Type MultiFamily
Property Description
Incredible investment opportunity in the heart of Island View! This massive multi-unit residence has served as a licensed adult foster care facility for over 50 years and was previously approved for up to 20 residents. The property is currently tenant-occupied with nine long-term residents—many with over a decade of tenancy—who would love to stay. With nine spacious bedrooms, four full bathrooms, and two half baths, the floor plan offers flexibility and scale. Just minutes from Belle Isle, downtown Detroit, and the bustling West Village, this property is perfect for investors seeking cash flow and long-term upside in a rapidly developing neighborhood.
Location
State MI
County Wayne
Area Area05053Detwoodwardmcclellansomack
Rooms
Basement Full, Unfinished
Interior
Heating HotWater, NaturalGas
Exterior
Fence Fenced
Pool None
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition ShortSaleNo, Standard
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Listed by Charles A Siciliano of @properties Christie's Int'l R.E. Birmingham