Detroit, MI 48201,678 Selden Street

$1,600,000

Est. payment /mo

$2,200,000

27.3%
Est.Price: ?

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678 Selden Street Detroit, MI 48201

22,796 SqFt

SOLD DATE : 10/04/2024

Key Details

Sold Price $1,600,000

Property Type Commercial

Sub Type Real Estate Only

Listing Status Sold

Purchase Type For Sale

Square Footage 22,796 sqft

Price per Sqft $70

Subdivision Cass Farm (Also P176-7 Plats)

MLS Listing ID 20240054903

Year Built 1922

Annual Tax Amount $52,495

Lot Size 7,405 Sqft

Property Description

The Finn Midtown is a 30-unit apartment building comprised of 22 studio units and eight one-bedroom units. Located in the heart of Midtown Detroit, one of the most walkable neighborhoods in the city with some of the strongest rent fundamentals that have seen significant increases in recent years. The Finn was originally constructed in 1927 and underwent a full renovation in 2018. Renovations included commercial-grade windows, a new roof, updated electrical systems, a modern elevator, a video door-phone entry security system, monitored fire alarms, individual HVAC units with tenant-paid electric, refinished interiors, and new cabinetry and bathrooms. These recent updates will minimize maintenance for a future owner. Property tours will be Tuesday, August 7th from Noon - 1:30 PM and Tuesday, August 13th from Noon - 1:30 PM. Best & Final offers due by Tuesday, August 20th

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family

Interior

Hot Water Electric

Heating Baseboard, Forced Air

Exterior

Pool No

Utilities Available Elevator, Carbon Monoxide Alarm(s), Security Alarm, Smoke Alarm

Waterfront no

Roof Type Rubber

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick,Stone

Schools

School District Detroit

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Full Service

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Realcomp MLS
Listed by O'Connor Realty Detroit, LLC
Bought with O'Connor Realty Detroit, LLC

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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