Great investment opportunity! Newly updated 6 unit occupied apartment building with leases in place in Southwest Detroit. Your tenants will enjoy all that Mexican Town has to offer! The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are a total of 6 two bedroom units. 5 units are currently occupied while the remaining 1 unit is vacant. The vacant unit has been cleaned and freshly painted and are currently being shown to fill with tenants. The building is separated into two entrances. The first entrance includes the front two units and the side entrance leads to the remaining 4 units. Each unit is separately metered. All furnaces for the building have been updated in 2020. The seller is opening to seller financing.
Property Details
Property Features
Property Information:
Year Built: 1927
Listing Office:
Office Name: Golden Key Real Estate LLC
Office Phone: (313) 638-2474
Listing Agent: Ryan Heward, Dustin Shaeffer
Interior Features
Interior Information:
Basement: Yes
Lot Features
Lot Information:
Lot Size: 0.10 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Other
Directions Information:
Directions: Central and Cahalan
Price Information
Listing Price Info
Price Summary:
List Price: $615,000
Tax Information:
Annual Amount: $2,550
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Salina Intermediate School
2623 Salina St
Distance between this listing and this school1.35 miles
Public District Grades 4-8
1
/10
Cesar Chavez Academy Intermediate School
4100 Martin St
Distance between this listing and this school1.39 miles
Public Charter Grades 3-5
4
/10
Salina Elementary School
2700 Ferney St
Distance between this listing and this school1.43 miles
Public District Grades PK-3
Nearby Schools
2
/10
Cesar Chavez Middle School
6782 Goldsmith St
Distance between this listing and this school0.37 miles
Public Charter Grades 6-8
2
/10
Escuela Avancemos
3811 Cicotte St
Distance between this listing and this school1.32 miles
Public Charter Grades KG-8
2
/10
Hope of Detroit Academy
4443 N Campbell St
Distance between this listing and this school1.80 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
Cesar Chavez High School
1761 Waterman St
Distance between this listing and this school0.43 miles
Public Charter Grades 9-12
1
/10
W-A-Y Academy - Vernor Site
8701 W Vernor Hwy
Distance between this listing and this school0.54 miles
Public Charter Grades 9-12
4
/10
Voyageur Consortium High School
4366 Military St
Distance between this listing and this school1.65 miles
The neighbors living near this home have an average income of $26,364. The most common annual income of people living in Detroit, MI is less than $35k. The majority of families are married, with kids. Residents of this area typically have high school diploma education.
This home is located at 1739 Central St in Detroit, MI and zip code 48209 in the Springwells neighborhood. This home, which was built in 1927, sits on a 0.10 acre lot. It has been listed on Rocket Homes since May 10, 2024 and is currently priced at $615,000.
In May 2024, from all listings sold in Detroit, MI there were more than 116 sold above asking price, over 246 sold below and more than 71 were sold right at the asked price. The inventory of homes for sale in Detroit, MI between April 2024 and May 2024 increased by 9.9%. In May 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $82,639.
From Rocket Homes Real Estate and based on county public records data.