Address
14405 Eastwood Street, Detroit, MI
Price
$ 199,900
Property Attributes
  • MLS#24005929
  • TypeMulti-Family
  • CountyWAYNE
  • CityDetroit
  • AreaDetroit City
  • NeighborhoodDetroit City
  • Zip48205
  • Style5+ Units
  • Year Built1929
  • Taxes$ 286
  • Price$ 199,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5,227 SqFt
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description

Transformative 17-Unit Apartment Building, a property with profound potential, located in the heart of Detroit. This 17-unit, historic building represents an unmatched opportunity for the right investor. The renovation on this building has already begun! In the past two years over $200,000 have been spent on a Major Structural Overhaul, Additional Framing on exterior walls, Brand New Roof, A Complete Clean Out on all floors (over $100k in clean out costs), as well as the addition, and clearing, of the adjacent lot. This blank slate is ready to be transformed. This is a chance not just to renovate a building, but to breathe new life into an entire community. Please Review Marketing Flyer for full Pro Forma

Price History
2/4/2024 Listed $199,900

General Features

Sewer Public Sewer
Heating None
Cooling None
Utilities Public Water Available,Public Sewer Available,Electric Available,Cable Available,Natural Gas Connected
Roof Composition,Rubber
Construction Materials Brick
Year Built 1929
Tenant Pays None
Property SubType 5+ Units
Tax Year 2023
Gross Income 195000.0
OwnerPays None
County Wayne
Net Operating Income 120000.0
New Construction No
Property Type Multi-Family
Status Active
Directions Take Chalmers south from 7 mile and 14405 ?Eastwood can be seen on your left
City Detroit
High School District Detroit
Total Units 17
MLS Area Wayne County - 100
Lot Size Square Feet 5227.0
Waterfront Y/N No
Street Name Eastwood
Land Lease Y/N No
Tax Annual Amount 286.0
Lease Renewal Y/N No
MLS Area Minor Wayne County - 100
Additional Parcels Y/N No
Rent Control Y/N No
Days on Market 22
Standard Status Active
Tax Assessed Value 2415
MobileHomeRemainsYN No
Legal Description N EASTWOOD 19 SEYMOUR & TROESTERS CHALMERS AVE SUB L46 P50 PLATS,W C R 21/269 50 X 103.04
Senior Community None

Interior Features

Basement Daylight,Walk Out,Full
Total Fireplaces 1
Basement (Y/N) Yes
Air Conditioning Y/N No
Heating Y/N No
Street Suffix Street
Laundry Features In Unit
Electric On Property Y/N No

Exterior Features

Lot Features Sidewalk,Corner Lot
Total Parking 0.0
Lot Size Area 0.12
Number of Buildings 1
Spa No
Lot Dimensions 50X103
Lot Size Acres 0.12
Road Surface Type Paved
Lot Size Units Acres
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 48205

Price
AVG $140K
$200K
Taxes
AVG $681
$286
Visits
AVG 25
5
Data Provided by Inside Real Estate®
Year Built
AVG 1939
1929