$ 1,150,000
4847 BALDWIN Street Detroit, MI 48214 1062
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$ 1,150,000
Est. payment /mo
Active
4847 BALDWIN Street Detroit, MI 48214 1062
30 Baths
15,837 SqFt
UPDATED:
10/24/2024 05:49 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,837 sqft
Price per Sqft $72
Subdivision Mi
MLS Listing ID 60338955
Full Baths 28
Half Baths 2
Year Built 1925
Annual Tax Amount $2,479
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 122.00 x 121.00
Property Description
Located on Baldwin Street just north of The Villages neighborhood,The Balren apartment building is within close proximity to Downtown Detroit and all major highways. Built in 1925, the three story brick building has been under renovations and presents a value-add investment opportunity with potential for over $300,000 in gross income. List of improvements permitted and approved by BSEED include in-wall and underground plumbing, mechanical, electrical, new split units installed and new framing completed for 13 of 26 units. There�??s a new laundry room with new concrete slab in basement. The building consists of 26 apartments including: - 6 studios - 18 one bedrooms - 2 two bedroom apartments. Expected monthly rents range from $850 to $1,250 per month. There�??s an additional parking lot included directly next to the building.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Rooms
Basement Block, Partially Finished
Interior
Heating Electric Heat, Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Waterfront No
Building
Foundation Basement
Water Public Water at Street
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $100
Energy Description Electric
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by O'Connor Realty Detroit, LLC