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$605,000

Untitled Listing

Detroit, Michigan 48228

Franklin Park Neighborhood

8984 Sq FT

$67.34 Price per Sq Ft

Highlights

About This Home

Discover this well-maintained 11-unit apartment building located in the heart of Detroit. The property features 4 spacious two-bedroom units and 7 comfortable one-bedroom units, offering a versatile mix to attract a wide range of tenants. Strong Occupancy: 9 of 11 units currently leased, providing immediate cash flow. Tenant-Paid Utilities: Each unit is separately metered for electric, with tenants responsible for their own usage. Landlord-Paid Water: Simplifies utility management for residents. Investment Potential: Opportunity to increase income with two vacant units ready for new tenants or updates. This property is ideal for an investor seeking a stable, income-producing asset with room for growth. Conveniently located near major roads, schools, and amenities, this building offers both short- and long-term upside potential in Detroit’s rental market. *Showings by appointments by only.

Listing Agent

Kestiny Todd

EXP Realty Main

Listed on : September 2, 2025

Activity

Days on Market:

205

Home Details

Home Type

  • CommercialSale

Est. Annual Taxes

  • $15,989

Year Built

  • Built in 1948

Lot Details

  • 0.2 Acre Lot
  • Lot Dimensions are 88x 1000

Parking

Home Design

Interior Spaces

  • 8,984 Sq Ft Home

Kitchen

Flooring

Bedrooms and Bathrooms

Laundry

Finished Basement

Home Security

Pool

Outdoor Features

Location

  • DetroitCity_Wayne, Michigan
  • Wayne County
  • Postal Code: 48228

Utilities

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

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 Franklin Park

Franklin Park Learn More About Franklin Park
Own It Realty

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