Unique mixed-use investment opportunity located at 1417 Van Dyke Ave, Detroit, MI. This three-story property features three income-producing units, including a street-level retail space currently operating as a bookstore, a successful Airbnb unit, and a residential rental. The bookstore space is presently vacant, offering immediate upside potential with projected rental… Read More income of approximately $1,400 per month once leased.A;A;Property is being offered with both the business opportunity and the real estate, creating flexibility for owner-operators or investors seeking multiple income streams. Ideal for those looking to expand their portfolio with a versatile asset in a growing area. Strong potential for increased cash flow through lease-up and continued short-term rental operation. Gas and electric are on separate meters. A;A;A rare chance to acquire a distinctive mixed-use property with built-in revenue and future growth potential. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Clyde Realty LLC, (313) 974-1830
Listing Snapshot
Days Online
43
Last Updated
Property Type
Multifamily
Square Ft.
2,600
Lot Size
0.11 Acres
Year Built
1917
MLS Number
20261010486
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
Basement?: 1
Building
3 total units, 2 leased units, 3 two-bedroom units, Built in 1917, Architectural style: Colonial, Historic, Cedar, Wood, 2,600 total square feet, 2,600 combined square feet, Unit count: 3
Fireplaces
Fireplace?: 0
Foundation
Michigan Basement
Garage
Garage?: 0
Water Features
Community
Heating
Forced Air, Separate Meters, Natural Gas
Lot
Lot size area: 0.11, Lot size dimensions: 28X165
Miscellaneous
Gross scheduled income: $50,220, Income projection: Projected, Monthly rental income: $4,185, Net operating income: $46,800
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