$ 495,000
12170 DEXTER Avenue Detroit, MI 48206 1012
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$ 495,000
Est. payment /mo
Active
12170 DEXTER Avenue Detroit, MI 48206 1012
33 Baths
37,143 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 37,143 sqft
Price per Sqft $13
Subdivision Mi
MLS Listing ID 60347151
Full Baths 33
Year Built 1926
Annual Tax Amount $20,579
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 80.00 x 120.00
Property Description
Opportunity to restore one of the last large elevator multifamily buildings in Detroit. Historic 33 unit with built out storefronts in the rapidly developing Dexter Corridor. Recently awarded over 30 million in grants this area surrounds Historic Russell Woods and is currently undergoing a massive street scape and infrastructure revitalization. The 27.5 mile Joe Louis Greenway will run through the Dexter Linwood corridor spurring additional retail and mixed use development for years to come. EV Charging stations, new water lines, extensive landscaping and areas for pedestrian walkways and retail currently in progress. Minutes away from New Center, The Fisher, Henry Ford Hospital and Police Headquarters, fifteen minutes from the Downtown Riverfront and Ferndale and Royal Oak to the north. 26 one bedroom apartments, six two bedrooms and a Super's unit on the garden level. This building was built for luxury and elegance with detailed marble and tile work that can be saved. This building is a FULL Rehab but even with moderate finishes and upgrades this building will be highly rentable at market rates, especially recent grads and relocations moving to Detroit for work and priced out of downtown and the suburbs. Here is a chance to make your mark on the city everyone is watching and get established before the area is priced out. BATVAI
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Block, Common, Poured, Stone
Interior
Heating Radiant
Fireplace No
Exterior
Exterior Feature Brick, Stone
Waterfront No
Building
Foundation Basement
Water Public Water at Street
Structure Type Brick,Stone
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $100
Energy Description Natural Gas
Financing Cash,Conventional,FHA 203K
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX Leading Edge