Located in the historic Boston-Edison Historic District, this 16-unit apartment building presents a rare and compelling investment opportunity in one of Detroit's most sought-after and rapidly revitalizing neighborhoods. A;A;The interior of the building has been fully taken down to the studs, offering a blank slate for investors and developers to… Read More bring their vision to life. With major interior demolition already completed and permits pulled from the city, the heavy lifting has been started - saving both time and upfront costs. This is a prime opportunity to design modern, high-demand units while preserving the character that makes Boston Edison so desirable.A;A;Whether you're looking to create luxury rentals, workforce housing, or condominiums, the possibilities here are endless. With close proximity to Midtown and Downtown, future tenants will enjoy convenient access to dining, entertainment, and employment hubs.A;A;Don't miss the chance to transform this value-add property into a standout asset in one of Detroit's most iconic and up-and-coming districts. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Lambrecht Realty LLC, (313) 736-4444
Listing Snapshot
Days Online
7
Last Updated
Property Type
Multifamily
Square Ft.
11,876
Lot Size
0.23 Acres
Year Built
1926
MLS Number
20261020951
30 Days Snapshot Of 48206
$88k
-25%
(avg) sold price
19
+18%
homes sold
100
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Walk-Out Access, Basement?: 1
Building
16 total units, 2 efficiency units, 9 one-bedroom units, 5 two-bedroom units, Built in 1926, Architectural style: Upper/Lower Apartment, Brick, 11,876 total square feet, 11,876 combined square feet, 6,000 total basement square feet, Unit count: 16
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal), Water at Street
Heating
Other
Lot
Lot size area: 0.23, Lot size dimensions: 91.4X108
Miscellaneous
Gross scheduled income: $0, Income projection: Projected, Monthly rental income: $0, Net operating income: $0
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