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11765 GLENFIELD Street Detroit, MI 48213 4103
14 Baths
6,680 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,680 sqft
Price per Sqft $160
Subdivision Mi
MLS Listing ID 60383619
Full Baths 14
Year Built 1930
Annual Tax Amount $4,733
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50.00 x 106.00
Property Sub-Type Multi-Family
Property Description
Fully updated 14-unit multifamily apartment building in the heart of Detroit's East Side, nestled in the Gratiot-Findlay neighborhood. This turnkey asset features all new plumbing, electrical, drywall, windows, mechanicals including AC, and new gas lines - offering a truly low-maintenance, long-term investment opportunity. Strategically located directly behind the Detroit Police Department's 9th Precinct, the property benefits from exceptional built-in security. Just steps from Gratiot Ave, residents enjoy easy access to public transportation, shopping, restaurants, and everyday amenities, along with quick connectivity to Downtown Detroit. An added bonus: an adjacent side lot is available through the City, ideal for future development, additional parking, or expanded outdoor space. Currently, 12 out of 14 units are leased, generating $14,200 per month in rent plus an additional $400 in water reimbursement for a total monthly income of $14,600. Current owner is netting $135,840 annually. A previous appraisal came in at $1.15M, with the full report uploaded in the documents for review. Don't miss this exceptional value - secure this fully modernized, income-producing multifamily building while it's still available. opportunity in a growing area!
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Interior
Heating Forced Air
Cooling Central A/C
Fireplace No
Exterior
Exterior Feature Brick
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Assessment Amount $100
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by EXP Z Real Estate