23
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$650,000
Est. payment /mo
9 Baths
6,000 SqFt
New
14800 E Vernor Highway Detroit, MI 48215 2587
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $108
Subdivision Mi
MLS Listing ID 61000083
Full Baths 9
Year Built 1925
Annual Tax Amount $22,141
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 31.65X100
Property Sub-Type Multi-Family
Property Description
14800 E Vernor Hwy | Value-Add Multifamily - East Detroit / Grosse Pointe Park Border Rare value-add multifamily opportunity on the Vernor corridor, minutes from Grosse Pointe Park. Acquire at a Detroit basis while tapping the rent stability and demand of one of metro Detroit's most established affluent border communities. This 9 -unit brick building, originally built in 1925, anchors a hard corner at Vernor Hwy & Ashland St - strong visibility, high traffic counts, and the durable pre-war masonry construction that's costly to replicate today. The asset is mid-reposition under recent construction financing, giving investors a path to stabilized cash flow without starting cold. Why buyers should move: Detroit acquisition basis with Grosse Pointe Park demand spillover Hard-corner site on a major east-side thoroughfare (MLS Area 05066) units with significant rent upside to market on turnover In-place income today, value-add upside tomorrow FEMA Flood Zone X - outside the high-risk floodplain, lower insurance, cleaner financing Strong access to Mack Ave retail, Alter Rd, and downtown Detroit Detroit's east side is moving, and corridor-fronting multifamily this close to the Pointes doesn't last. Offering memorandum, rent roll, and financials available to qualified buyers on request.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Partially Finished
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash
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Listed by Black Diamond Realty
Nearby Locations
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