710 Virginia Park Street
Detroit, MI 48202

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Description

Excellent Investment Opportunity in Detroit's Virginia Park District! This is an exceptional income-producing multi-family property located in the historic Virginia Park district of Detroit. This two-story building offers seven rentable units in a variety of layouts including three bedroom, two-bedroom, one-bedroom, and studio apartments ideal for maximizing occupancy and rental income.Many units feature modern updates such as new flooring, countertops, and appliances, while an on-site laundry facility adds extra convenience for tenants. Situated in the Virginia Park Historic District (listed on the National Register of Historic Places in 1982), this property enjoys a prime location near Woodward Avenue and the Q-Line, providing easy access to New Center, Midtown, and downtown Detroit. Whether you're an experienced investor or just entering the Detroit market, this property offers the perfect blend of historic charm, steady income potential, and unbeatable location!New Detroit PILOT program available for an immediate value add opportunity to substantially reduce property taxes! Inquire for more info!

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48202
• Year Built: 1911
• School District: Detroit
• Basement: Yes
• Lot Size: 8276 sq ft lot
• Association: Yes
• Association Amenities: Pets Allowed
• Construction Materials: Brick
• Directions: Take M-10 north to Grand Blvd and exit onto service drive, go north approximately 3 blocks and turn right onto Virginia park street.
• Gross Income: 72300
• Heat Source: Natural Gas
• Heating: Hot Water
• Lot Size Area: 0.19
• Lot Size Square Feet: 8276.4
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Parcel Number: W04I001914S
• SEV: 334300
• Street Type: Paved
• Tax Annual Amount: 25116
• Tax Legal Description: N VIRGINIA PK 25 PEERLESS ADD NO 2 SUB L18 P39 PLATS, W C R 4/79 50 X 163
• Total Approx Sq Ft All Bldgs: 5150
• Total Num Units: 7
• Water Source: Public