4847 Baldwin Street
Detroit, MI 48214

More
Photos »

Tools & Resources:

Description

Located at 4847 Baldwin Street, Detroit, MI, just north of The Villages neighborhood, The Balren apartment is a four-story brick apartment building offering a strong value-add investment opportunity with close proximity to Downtown Detroit and convenient access to all major highways. Built in 1925, the property had undergone renovations and has the potential to generate over $300,000 in gross annual income once stabilized. Previously approved and permitted improvements through BSEED include in-wall and underground plumbing, mechanical and electrical upgrades, newly installed split HVAC units, and new framing completed in 13 of the 26 units. The building features a total of 26 apartments consisting of 6 studios, 18 one-bedroom units, and 2 two-bedroom units, with projected monthly rents ranging from $1,250 to $1,500. A previously constructed basement laundry room with a new concrete slab is in place.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48214
• Year Built: 1925
• School District: Detroit
• Basement: Yes
• Lot Size: 7405 sq ft lot
• Association: Yes
• Association Amenities: Pets Allowed
• Construction Materials: Brick
• Directions: On Baldwin Just South Of Warren
• Gross Income: 32500
• Heat Source: Natural Gas
• Heating: Steam
• Lot Size Area: 0.17
• Lot Size Square Feet: 7405.2
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Parcel Number: W17I011509S
• SEV: 438400
• Street Type: Paved
• Tax Annual Amount: 2555.41
• Tax Legal Description: W BALDWIN 52&51 BLK 8 E C VAN HUSANS SUB L11 P65 PLATS, W C R 17/67 61.85 X 121.47A
• Total Approx Sq Ft All Bldgs: 15837
• Total Num Units: 26
• Water Source: Public