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
Hassan Scheib
Own It Realty
Contact 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
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$1,575
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$610,000
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Hassan Scheib