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900 E Grand Boulevard Detroit, MI 48207
5 Beds
5 Baths
4,934 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Colonial
Listing Status Active
Purchase Type For Sale
Square Footage 4,934 sqft
Price per Sqft $99
Subdivision Assessors Of Lts 1 To 65 Incl Pt 66 Etc
MLS Listing ID 20251047064
Style Colonial
Bedrooms 5
Full Baths 5
Year Built 1905
Annual Tax Amount $5,510
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 93.00X134.00
Property Sub-Type Colonial
Source Realcomp II Ltd
Property Description
Exceptional income-producing opportunity in Detroit's revitalizing Islandview and West Village corridor. This fully occupied 5-unit multifamily building generates $62,400 in annual gross rental income. The property consists of four spacious 2-bedroom units, each approximately 1,200 square feet, and leased at $1,000 per month, along with one large 3-bedroom unit of 1,700 square feet leased at $1,200 per month. The landlord pays only for water, while tenants cover gas and electricity, keeping expenses low and returns strong.
Current rents remain below market, providing a significant opportunity to increase income as the Detroit rental market continues to strengthen. With a cap rate of 8.3% and potential growth up to 10%, this property offers impressive performance and long-term upside. Situated in a vibrant neighborhood near Sonora Missionary Baptist Church, the Detroit Waldorf School, and the Butzel Family Recreation Center, it's ideally located for tenants seeking convenience and community.
Call today to schedule your private tour and secure your next great investment.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Commercial,Multi-Family,Residential
Direction Continue on M-3/Gratiot Ave. Take Mack Ave to E Grand Blvd
Rooms
Basement Unfinished
Interior
Interior Features Smoke Alarm, 220 Volts, Carbon Monoxide Alarm(s), Circuit Breakers, Laundry Facility
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s), Window Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Fenced
Roof Type Asphalt
Porch Porch - Enclosed, Porch, Enclosed
Road Frontage Paved, Pub. Sidewalk
Garage no
Private Pool No
Building
Foundation Basement
Sewer Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial
Level or Stories 3 Story
Structure Type Vinyl
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W115I007626S
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, FHA, VA
Rebuilt Year 2025
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
