900 E Grand Boulevard
Detroit, MI 48207

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Description

5 Unit Apartment building!! 100% OccupiedExceptional income-producing opportunity in Detroit's revitalizing Islandview and West Village corridor. This fully occupied 5-unit multifamily building generates $62,400 in annual gross rental income. The property consists of four spacious 2-bedroom units, each approximately 1,200 square feet, and leased at $1,000 per month, along with one large 3-bedroom unit of 1,700 square feet leased at $1,200 per month. The landlord pays only for water, while tenants cover gas and electricity, keeping expenses low and returns strong.Current rents remain below market, providing a significant opportunity to increase income as the Detroit rental market continues to strengthen. With a cap rate of 8.3% and potential growth up to 10%, this property offers impressive performance and long-term upside. Situated in a vibrant neighborhood near Sonora Missionary Baptist Church, the Detroit Waldorf School, and the Butzel Family Recreation Center, it's ideally located for tenants seeking convenience and community.Call today to schedule your private tour and secure your next great investment.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48207
• Year Built: 1905
• School District: Detroit
• Basement: Yes
• Lot Size: 12632 sq ft lot
• Construction Materials: Brick, Vinyl Siding
• Cooling: Window Unit(s)
• Directions: Continue on M-3/Gratiot Ave. Take Mack Ave to E Grand Blvd
• Extras: Laundry Facility
• Gross Income: 62400
• Heat Source: Natural Gas
• Heating: Forced Air
• Lot Features: Sidewalk
• Lot Size Area: 0.29
• Lot Size Square Feet: 12632.4
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Operating Expense: 15600
• Parcel Number: W115I007626S
• Road Frontage: 93
• SEV: 154800
• Street Type: Paved
• Tax Annual Amount: 5510.01
• Tax Legal Description: E E GRAND BLVD 58 ASSESSORS PLAT OF PT OF PC 678 L66 P52 PLATS, W C R 15/276 60 X 134
• Total Approx Sq Ft All Bldgs: 6534
• Total Num Units: 5
• Water Source: Public