$ 495,000
12170 DEXTER Avenue Detroit, MI 48206
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$ 495,000
Est. payment | /mo
33 Baths
9,583 Sqft Lot
$ 495,000
Est. payment | /mo
33 Baths
9,583 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240077365
Originating Board Realcomp
Year Built 1926
Annual Tax Amount $20,579
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 80.00 x 120.00
Property Description
Opportunity to restore one of the last large elevator multifamily buildings in Detroit. Historic 33 unit with built out storefronts in the rapidly developing Dexter Corridor. Recently awarded over 30 million in grants this area surrounds Historic Russell Woods and is currently undergoing a massive street scape and infrastructure revitalization. The 27.5 mile Joe Louis Greenway will run through the Dexter Linwood corridor spurring additional retail and mixed use development for years to come. EV Charging stations, new water lines, extensive landscaping and areas for pedestrian walkways and retail currently in progress. Minutes away from New Center, The Fisher, Henry Ford Hospital and Police Headquarters, fifteen minutes from the Downtown Riverfront and Ferndale and Royal Oak to the north. 26 one bedroom apartments, six two bedrooms and a Super's unit on the garden level. This building was built for luxury and elegance with detailed marble and tile work that can be saved. This building is a FULL Rehab but even with moderate finishes and upgrades this building will be highly rentable at market rates, especially recent grads and relocations moving to Detroit for work and priced out of downtown and the suburbs. Here is a chance to make your mark on the city everyone is watching and get established before the area is priced out. BATVAI
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Multiple
Direction Dexter and Richton
Interior
Heating Radiant
Exterior
Waterfront No
View Y/N No
Building
Sewer Public
Structure Type Brick,Stone
Others
Tax ID W12I010519S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by RE/MAX Leading Edge
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Tricia Carlson
REALTOR® | Lic# 6506048426