Prime investment opportunity just moments away from the vibrant Detroit Riverfront! This fully occupied 4 unit apartment building is not only a steady source of rental income but also brimming with potential for future growth. With space available to add two additional units or convert into a retail space, this property offers unparalleled flexibility for increasing your return on investment. Situated in a rapidly developing area with high demand, it’s an ideal choice for savvy investors looking to capitalize on the growth of one of Ecorse’s most sought after neighborhoods.
Multi-familyProperty Type
1975Year Built
0.26 acresLot Size
$87Price/Sq.Ft.
24 spacesParking
Listed by Haitham Garallah• Keller Williams Legacy
Prime investment opportunity just moments away from the vibrant Detroit Riverfront! This fully occupied 4 unit apartment building is not only a steady source of rental income but also brimming with potential for future growth. With space available to add two additional units or convert into a retail space, this property offers unparalleled flexibility for increasing your return on investment. Situated in a rapidly developing area with high demand, it's an ideal choice for savvy investors looking to capitalize on the growth of one of Ecorse's most sought after neighborhoods.
REALCOMP #20240076344
Jan 6, 2025
Sold
$215,000
$87/sq ft
Dec 17, 2024
Pending
—
Dec 17, 2024
Pending
—
Oct 9, 2024
Listed
$219,500
$89/sq ft
MiRealSource-MiMLS #40204242
Sep 22, 2021
Sold
$104,000
$42/sq ft
Sep 3, 2021
Pending
—
Aug 27, 2021
Relisted
—
Aug 9, 2021
Pending
—
Aug 4, 2021
Price Changed
$125,000
$51/sq ft
Jul 28, 2021
Listed
$275,000
$112/sq ft
Jul 28, 2021
Listed
$125,000
$51/sq ft
REALCOMP #2210061269
Sep 22, 2021
Sold
$104,000
$42/sq ft
Sep 3, 2021
Pending
—
Aug 27, 2021
Relisted
—
Aug 9, 2021
Pending
—
Aug 3, 2021
Price Changed
$125,000
$51/sq ft
Jul 28, 2021
Listed
$275,000
$112/sq ft
4 Unit apartment 600SF each, 100% occupancy. There is is opportunity to add two more apartments, all units in one building as town house. Been rented for $500.00 each NOT $16,800.00
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
96 ft.
Lot depth
116 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Wayne County
APN
34006070100000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2021.
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 24
Interior
Bathroom Information
# of Full Bathrooms: 4
Heating & Cooling
Cooling: None
Has Heating
Heating: Forced Air, Natural Gas
Room Information
Has Basement
Basement Details: Full, Unfinished
Unit Type 1 Information
Type: Bedroom 1
# of Bathrooms: 1
Sq.Ft. Total: 600
Actual Rent: $550
# of Units: 1
Unit Type 2 Information
Type: Bedroom 1
# of Bathrooms: 1
Sq.Ft. Total: 600
Actual Rent: $750
# of Units: 2
Unit Type 3 Information
Type: Bedroom 1
# of Bathrooms: 1
Sq.Ft. Total: 600
Actual Rent: $700
# of Units Total: 1
Exterior
Pool Information
Pool Features: None
Building Information
Above Grade Finished Area: 2,462
Levels: Two
Construction Materials: Aluminum Siding, Block
Foundation Details: Block
Property Features
Pets Allowed: Size Limit
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: MultiFamily
Lot Information
Road Surface Type: Paved
Lot Size Dimensions: 96.20 x 116.00
Lot Size Area: 0.26
Lot Size Units: Acres
Lot Size Acres: 0.26
Zoning Description: Commercial, MultiFamily
Financial
Tax Information
Tax Annual Amount: $6,423
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
High School District: Ecorse
Location Information
Directions: N of Outer Drive / E of Jefferson
Subdivision Name: WELCH BROS RIVERSIDE PARK SUB
Cross Street: N of Outer Drive / E of Jefferson
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Wayne County
APN: 34006070100000
Home facts updated by county records on Jul 29, 2021
Other
Listing Information
List AOR: RealcompIILtd
Around this home
Schools
Ralph J. Bunche Academy
Public 1-4 • Assigned • 0.8mi
4/10
Grandport Elementary Academy
Public 4-8 • Assigned • 0.9mi
3/10
Ecorse Community High School
Public 9-12 • Assigned • 0.4mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Ecorse, MI • 48229
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Sun exposure
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