Multi Family homes for sale & real estate in 48212, MI

Multi Family Home for sale in 48212, MI:

Excellent Investment Opportunity in Detroit’s Virginia Park District! This is an exceptional income-producing multi-family property located in the historic Virginia Park district of Detroit. This two-story building offers seven rentable units in a variety of layouts including three bedroom, two-bedroom, one-bedroom, and studio apartments ideal for maximizing occupancy and rental income. Many units feature modern updates such as new flooring, countertops, and appliances, while an on-site laundry facility adds extra convenience for tenants. Situated in the Virginia Park Historic District (listed on the National Register of Historic Places in 1982), this property enjoys a prime location

Multi Family Home for sale in 48212, MI:

Great opportunity to bring this 4 unit property back to life. Each unit has 2 bedrooms. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will

Multi Family Home for sale in 48212, MI:

Brick 4 plex in great area of Detroit, right next to E Grand Blvd, Belle Isle and downtown events! See the pictures to view the finished apartments and visualize whatthe "gutted" one's could look like! The seller has invested 200K into this 4 plex, including landscaping, electrical, plumbing, roof, windows, etcetera. Two of the finished apartments aretenant occupied. This would be a great investment for the savy buyer!

Multi Family Home for sale in 48212, MI:

Excellent multifamily investment opportunity in Detroit! This tenant-occupied property features two spacious units, each offering 3 bedrooms and 2 bathrooms. Both units showcase hardwood flooring throughout, providing character and durability. Conveniently located near downtown Detroit, this property is ideal for investors looking to expand their portfolio with income-producing real estate in a prime location.

Multi Family Home for sale in 48212, MI:

Investment opportunity in Detroit! This multifamily home features two units and includes the side lot at 221 Chandler. The upper unit has been updated and offers 1 bedroom and 1 bathroom with hardwood flooring throughout. The lower unit needs some work but provides 2 bedrooms and 1 bathroom, making it a great value-add opportunity. Located close to downtown Detroit, this property is in a prime location for future growth and rental potential.

Multi Family Home for sale in 48212, MI:

Opportunity awaits with this solid brick 14-unit multifamily building located on Detroit’s east side. The property was recently foreclosed on by a hard money lender and is being sold as-is. 14 units, two story brick, currently tenant-occupied (lease/rent roll status unknown). Buyer should expect potential evictions or tenant turnover after purchase. Strong rental demand in the area with upside for stabilized cash flow after repositioning. Close to major freeways, local schools, and neighborhood redevelopment activity. This is a value-add investment opportunity for an experienced investor or property manager who can stabilize the building and maximize its long-term potential.