Located at 4847 Baldwin Street, Detroit, MI, just north of The Villages neighborhood, The Balren apartment is a four-story brick apartment building offering a strong value-add investment opportunity with close proximity to Downtown Detroit and convenient access to all major highways. Built in 1925, the property had undergone renovations and… Read More has the potential to generate over $300,000 in gross annual income once stabilized. Previously approved and permitted improvements through BSEED include in-wall and underground plumbing, mechanical and electrical upgrades, newly installed split HVAC units, and new framing completed in 13 of the 26 units. The building features a total of 26 apartments consisting of 6 studios, 18 one-bedroom units, and 2 two-bedroom units, with projected monthly rents ranging from $1,250 to $1,500. A previously constructed basement laundry room with a new concrete slab is in place. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of RE/MAX Team 2000, (313) 561-0900
Listing Snapshot
Days Online
76
Last Updated
Property Type
Multifamily
Square Ft.
15,837
Lot Size
0.17 Acres
Year Built
1925
MLS Number
20261004246
30 Days Snapshot Of 48214
$114k
-56%
(avg) sold price
13
-31%
homes sold
69
-38%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
26 total units, 3 leased units, 6 efficiency units, 18 one-bedroom units, 2 two-bedroom units, Built in 1925, Remodelled in 2024, Architectural style: Other, Brick, 15,837 total square feet, 15,837 combined square feet, 5,279 total basement square feet, Unit count: 26
Exterior Features
Lighting
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Steam, Natural Gas
Lot
Lot size area: 0.17, Lot size dimensions: 61.85X121.47
Miscellaneous
Gross scheduled income: $32,500, Income projection: Projected, Monthly rental income: $1,250, Net operating income: $30,000
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