Please check your email for your login details.9053 Sq FT
$639,900
3700 PASADENA ST
Detroit, Michigan 48238
$70.68 Price per Sq Ft
Highlights
Assigned
About This Home
Commercial minded investors are always looking for a great building that offers both value add, as well as long term appreciation. This is the play. The building is very well maintained. There are 10 total units with 8 (1 Bed) and 2 (2 Bed). Currently nine units are occupied and paying rent each month. There is 1 eviction recently completed. THis unit is currently being worked on. Seller has invested over 100k updating this building. It needs next to nothing. You can take over this asset with 90% occupancy. Only 1 unit to turn and you’ll be fully performing. Or we can place the new tenant prior to the sale. The current rents are below market so there is also a ton of room to improve the building by increasing rents overall. There are multiple gas meter hookups to split utilities, or initiate rubs to offset costs for the next owner. The NOI here can be increased greatly making this achieve over 10% CAP with only some minor improvements. This area has undergone millions in upgrades over the last 2 years. If you're looking for long term growth this would a place to consider. Seller WILL LOOK AT ALL REASONABLE OFFERS. Send one over and lets get this deal done
Listing Agent
David Rabior
Clyde Realty LLC
Listed on : November 4, 2025
Activity
Days on Market:228
Home Details
Home Type
- CommercialSale
Est. Annual Taxes
- $658
Year Built
- Built in 1949
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 94.00 x 115.00
Parking
- Assigned
Home Design
Interior Spaces
- 9,053 Sq Ft Home
Kitchen
Flooring
Bedrooms and Bathrooms
Laundry
Finished Basement
Home Security
Pool
Outdoor Features
Location
- 3700 PASADENA ST
Utilities
- Water Source: Community
- Sewer: SewerAtStreet
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