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$27,000

5117 University Place – 48224

Detroit, Michigan 48224

Cornerstone Village Neighborhood

3 Beds

1 Baths

1336 Sq FT

$20.21 Price per Sq Ft

Highlights

TwoCarGarageDetached

About This Home

Great investment opportunity in Detroit’s Cornerstone Village neighborhood! This 3-bedroom, 1-bath home offers over 1,300 square feet and has tons of potential for the right investor. The property experienced fire damage and will need a full renovation, but it sits on a solid foundation and provides a great opportunity to add value. Features include a spacious floor plan and a large detached garage that was not affected by the fire. Located in an established neighborhood with many updated and well-maintained homes nearby, this property has strong upside for resale or rental income. Cash buyers only. Sold as-is. Buyer to verify all information (BATVAI).

Listing Agent

Albert Hakim

RE/MAX First

Listed on : June 17, 2026

Activity

Days on Market:

1

Home Details

Home Type

  • Residential

Est. Annual Taxes

  • $3,757

Year Built

  • Built in 1937

Lot Details

  • 0.15 Acre Lot
  • Lot Dimensions are 50X133.69

Parking

  • TwoCarGarage
  • Detached

Home Design

Interior Spaces

  • 1,336 Sq Ft Home

Kitchen

Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathrooms

Laundry

Finished Basement

Home Security

Pool

Outdoor Features

Location

  • DetroitCity_Wayne, Michigan
  • Wayne County
  • Postal Code: 48224

Utilities

  • ForcedAir, NaturalGas
  • Water Source: Public
  • Sewer: PublicSewer

About the Showing Agent

Hassan Scheib

Own It Realty

313-395-0000

mail IconContact Hassan

As a leading Real Estate investment broker, native Detroiter, and family man, Hassan Scheib commands a firm grasp of investing in the Detroit Metro area. His experience and native intuition have led him from success to success as he has overseen property sales, acquisitions, inspections, construction, and tenant placement. Hassan combines keen business acumen, finance know-how, transparency, and ethics with every deal, and he is skilled in Portfolio Sales, Investor Relations, Strategic Planning, Marketing & Management. Above all else, he understands that the client is at the center of the deal and knows how to listen to their needs, roll up his sleeves, and offer them first-class customized service. Committed and attentive, Hassan is always ready to dip into his expansive professional network, industry experience, care, and meticulous attention to detail to help clients reach their goals.

Map

About Cornerstone Village

Cornerstone Village Learn More About Cornerstone Village
Own It Realty

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