BACK ON THE MARKET DUE TO BUYER NOT HAVING FUNDS TO CLOSE AT CLOSING. PRICE REDUCED TO SELL!! CALLING ALL INVESTORS!! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT/OPPORTUNITY!! 50% occupied! 100 one bed/one bath and 56 two beds/one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 28 buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated/replaced. All of the windows have been updated to vinyl. 48 of the units are on boiler heat and the rest of the 108 units are individually furnaced. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Seller is open to seller financing with 50% down, seller must be in first position. Serious buyers only please!
For sale
Price cut: $525K (7/18)
$5,975,000
2255 Webb St, Detroit, MI 48206
212beds
150,689sqft
Est.:
Multi Family
Built in 1948
-- sqft lot
$-- Zestimate®
$40/sqft
$-- HOA
What's special
Fenced propertyBoiler heatFurnaces in each unit
- 106 days
- on Zillow |
- 1,120 |
- 68 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 06, 2025 at 06:27am
Listed by:
Justin Zehel 248-979-3466,
Keller Williams Paint Creek 248-609-8000
Source: MiRealSource,MLS#: 50172514
Originating MLS: MiRealSource

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 212
- Bathrooms: 156
- Full bathrooms: 156
Heating
- Boiler, Forced Air
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 150,689
- Total interior livable area: 150,689 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4.87 Acres
- Dimensions: 212137
Details
- Parcel number: 08003410002L
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Basement
Condition
- Year built: 1948
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & HOA
Community
- Subdivision: Oakman & Stoll
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $40/sqft
- Tax assessed value: $3,217,000
- Annual tax amount: $186,732
- Date on market: 4/25/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
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