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$ 800,000
Est. payment /mo
New
14440 Frankfort Street Detroit, MI 48224
32 Baths
32,934 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 32,934 sqft
Price per Sqft $24
Subdivision Mi
MLS Listing ID 60986138
Full Baths 32
Year Built 1958
Annual Tax Amount $48,403
Lot Size 0.750 Acres
Acres 0.75
Lot Dimensions 230X143
Property Sub-Type Multi-Family
Property Description
32 unit apartment building with strong value add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Poured
Interior
Heating Hot Water
Fireplace No
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA,VA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Century 21 Curran & Oberski