$1,225,000
For Sale

467 W ALEXANDRINE STREET

Detroit, MI 48201
11008 sqft | 15 baths | #20240029709
Browse 13 photos
Type:Multi-Family
Structure:Unit
Zone:Residential

Description

Prime location in the heart of midtown downtown Detroit. Opportunity knocks for this great potential to finish and renovate a multi-family apartment complex. The 3-story investment is located in the historic district and is conveniently located near landmarks in downtown Detroit. Central and convenient to lifestyle amenities and entertainment. This complex offers lucrative opportunities. Which consists of 15 units total, each unit consists of 1-bedroom, full bathroom, living room, dining room and a kitchen. 5 of 15 units are occupied. Full parking lot in the rear of the complex. It is a rare opportunity indeed to invest. Property is sold AS IS. Buyer responsible for all City of Detroit Compliance. This property is zoned class SD1 (Mixed Use). Buyer and Buyers agent to confirm zoning and building code guidelines for inspections, permits, and city of Detroit compliance. Contact City of Detroit for the ZVL letter to find out the current legal use. Proof of funds and approved buyers only. All data and measurements are approx. Buyer’s agent to verify all information.

  • Interior Details
      • HeatingOther, Steam
    • Beds & Baths
      • Total Baths15.00
      • Bathrooms15
      • Full Baths15
  • Property Details
      • Square Feet11008
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1918
  • Community and Neighborhood Details
      • ZoningMulti-Family, Residential
      • School DistrictDetroit
      • RegionDetroit
      • CountyWayne
  • Financial Details
      • Original List Price$1,225,000
  • Other
      • MLS #20240029709

Location

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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