Opportunity awaits with this solid brick 14-unit multifamily building located on Detroit’s east side. The property was recently foreclosed on by a hard money lender and is being sold as-is. 14 units, two story brick, currently tenant-occupied (lease/rent roll status unknown). Buyer should expect potential evictions or tenant turnover after purchase. Strong rental demand in the area with upside for stabilized cash flow after repositioning. Close to major freeways, local schools, and neighborhood redevelopment activity. This is a value-add investment opportunity for an experienced investor or property manager who can stabilize the building and maximize its long-term potential.
For sale
$550,000
8525 Maxwell St, Detroit, MI 48213
28beds
8,036sqft
Est.:
Multi Family
Built in 1927
-- sqft lot
$-- Zestimate®
$68/sqft
$-- HOA
What's special
- 29 days |
- 839 |
- 83 |
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