Please check your email for your login details.4934 Sq FT
$349,000
$70.73 Price per Sq Ft
Highlights
ParkingLotOnSite
About This Home
Fully-occupied 5-unit apartment building producing $62,400/year in gross rental income. Consisting of four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at $1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing strong upside potential in Detroit’s revitalizing Islandview / West Village corridor. Highlights • 100% occupancy with stable tenants • Below market rent – significant upside • Cap rate 8.3% with growth potential to 10% • Landlord only pays water – low expense ratio • Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit • Updated interiors and long-term tenant stability
Listing Agent
Jiryes Jarrous
Century 21 Curran & Oberski
Listed on : October 21, 2025
Activity
Days on Market:155
Home Details
Home Type
- CommercialSale
Est. Annual Taxes
- $5,510
Year Built
- Built in 1905
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 93.00X134.00
Parking
- ParkingLot
- OnSite
Home Design
Interior Spaces
- 4,934 Sq Ft Home
Kitchen
Flooring
Bedrooms and Bathrooms
Laundry
Finished Basement
Home Security
Pool
Outdoor Features
Location
- DetroitCity_Wayne, Michigan
- Wayne County
- Postal Code: 48207
Utilities
- ForcedAir, NaturalGas
- WallWindowUnits
- Water Source: Public
- Sewer: PublicSewer
About the Showing Agent
Alaysia Means
eXp Realty
Contact Alaysia
Michigan Real Estate Professional Alaysia Means is devoted to servicing future home buyers and sellers in the Metro Detroit Area. Alaysia has a great reputation for going above and beyond for her clients. When working with her, you can count on nothing less than exceptional service and knowledge of the Metro Detroit area. Alaysia's main priority is making sure her clients receive the best service. She is committed to giving professional high quality real estate services. Her outgoing personality and relatable character has her going full speed ahead in her career. Alaysia possesses dynamic qualities that set her apart and enable her to successfully achieve the goals of the buyers and sellers she represents.
Map
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Alaysia Means