$650,000
Active
40 Days Online
0 Beds27 Baths24,255 SQFT
Active
3931-51 Mcgraw Street Detroit, MI 48208
AMAZING REDEVELOPMENT OPPORTUNITY ON THIS 27 UNIT BUILDING IN THE GRAND BLVD/ MCGRAW CORRIDOR. WEST OF WAYNE STATE, WOODBRIDGE, NW GOLDBERG AND SOUTH OF CORKTOWN. MANY DEVELOPMENTS PLANNED IN THE AREA. THE BUILDING NEEDS A FULL REHAB. GREAT UNIT MIX AND GENEROUS APARTMENTS SIZES. ADDITIONAL SPACE IN THE LOWER LEVEL TO ADD UNITS. SELLER HAS PLANS FOR AN ADDITIONAL NEW 38 UNIT BUILDING AND SEVERAL TRI PLEXES NEXT DOOR. Expenses estimated at 6% mgmt fee = $19, 872. Taxes $20, 000. Insurance $15, 000. Rehab estimated at $1 Million. Total $1, 675 Million (16.7 Cap)
- Property TypeMulti-Family
- NeighborhoodBela Hubbards Sub L5 P46 Plats
- CountyWayne
- Taxes$7,271
- HOA/Condo/Coop Fees$0
- Days on Site39 Days
- MLS StatusActive
- MLS ID Number20240020791
- Home Size Source Public Records
- Year Built1920
- Lot Size0.38 Acres
- Full Baths27
- Partial BathsN/A
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Learn MoreRecent Activity For 3931-51 Mcgraw Street Detroit, MI 48208
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General Features
- Style Common Entry Building
- Construction Brick
- Basement UnfinishedCommon
- Number of Stories Three Or More
- Water Public
- Property Sub Type Multi Family
- Foundation Block
- Zoning Multi-Family
Interior Features
- Heating BaseboardNatural Gas
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- Pets No
- MLS Area Det South Of Grand River
Schools
School District
Detroit
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
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Monthly Payment (Est.)
$3,491Copyright ©2024 Information is deemed reliable but not guaranteed.