Prime location in the heart of midtown downtown Detroit. Opportunity knocks for this great potential to finish and renovate a multi-family apartment complex. The 3-story investment is located in the historic district and is conveniently located near landmarks in downtown Detroit. Central and convenient to lifestyle amenities and entertainment. This complex offers lucrative opportunities. Which consists of 15 units total, each unit consists of 1-bedroom, full bathroom, living room, dining room and a kitchen. 5 of 15 units have been rehabbed with appliances. Full parking lot in the rear of the complex. It is a rare opportunity indeed to invest. Property is soldAS IS.Buyer responsible for all City of Detroit Compliance. Proof of funds and approved buyers only. All data and measurements are approx. Buyers agent to verify all information.
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The average household income in
Detroit, MI
grew
from
$30,344
to
$31,283
in the past year. This data is an estimate based upon
266,333
households in
Detroit, MI. The chart below presents how household income is distributed in
Detroit, MI
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Detroit, MI
compared to median property taxes around the country. The prevalent amount of property taxes in
Detroit, MI
equals
$800-$1,500
, which is
less
than the national average.