11765 Glenfield Street
Detroit, MI 48213

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Description

Fully updated 14-unit multifamily apartment building in the heart of Detroit's East Side, nestled in the Gratiot-Findlay neighborhood. This turnkey asset features all new plumbing, electrical, drywall, windows, mechanicals including AC, and new gas lines—offering a truly low-maintenance, long-term investment opportunity.Strategically located directly behind the Detroit Police Department's 9th Precinct, the property benefits from exceptional built-in security. Just steps from Gratiot Ave, residents enjoy easy access to public transportation, shopping, restaurants, and everyday amenities, along with quick connectivity to Downtown Detroit.An added bonus: an adjacent side lot is available through the City, ideal for future development, additional parking, or expanded outdoor space.Currently, 12 out of 14 units are leased, generating $14,200 per month in rent plus an additional $400 in water reimbursement for a total monthly income of $14,600. Current owner is netting $135,840 annually. A previous appraisal came in at $1.15M, with the full report uploaded in the documents for review.Don't miss this exceptional value—secure this fully modernized, income-producing multifamily building while it's still available. opportunity in a growing area!

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48213
• Year Built: 1930
• School District: Detroit
• Basement: Yes
• Lot Size: 5227 sq ft lot
• Construction Materials: Brick
• Cooling: Central Air
• Directions: S of Glenfield Ave / W of Gunston St
• Gross Income: 175200
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Size Area: 0.12
• Lot Size Square Feet: 5227.2
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Operating Expense: 39360
• Parcel Number: W21I010602S
• Road Frontage: 50
• SEV: 137700
• Spec Assessment Ty: 100.00
• Street Type: Paved
• Tax Annual Amount: 4733
• Tax Legal Description: N GLENFIELD 22 W 5 FT 21 ALFRED TROMBLYS IDEAL SUB L44 P16 PLATS, W C R 21/657 50 X 106.2
• Total Approx Sq Ft All Bldgs: 6680
• Total Num Units: 14
• Water Source: Public