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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 600,000

Est. payment | -/mo

5,832 SqFt

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$ 600,000

Est. payment | -/mo

Save Virtual Tour

5,832 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,832 sqft

Price per Sqft $102

MLS Listing ID 20261023435

Year Built 1927

Annual Tax Amount $18,932

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 122x100

Source Realcomp

Property Description

Turnkey 8-unit investment opportunity in Detroit's desirable Davison–Schoolcraft neighborhood! The current seller has owned and managed the property for the past 20 years. This well-maintained multifamily property is 100% occupied, with all units updated and leased. Each of the eight units offers 2 bedrooms and 1 full bathroom, currently generating $1,000 per month per unit for strong and consistent cash flow from day one. Each unit has its own individual address, furnace, and utility service. Tenants pay their own gas and electric, while the landlord pays water.Recent improvements include a roof approximately 8 years old and hot water tanks that are approximately 1–2 years old. Furnaces are approximately 18 years old, with 3–4 having been replaced within recent years.Ideally located just off I-96 for convenient access throughout Metro Detroit and minutes from major area anchors including University of Detroit Mercy, Detroit Golf Club, and nearby hospitals. This location offers strong tenant demand and long-term investment potential.Whether you're expanding your portfolio or purchasing your first multifamily asset, this fully occupied, income-producing property offers an excellent opportunity with minimal upfront work needed. Square footage source is Realist. Buyer and buyer's agent to verify all information. Some MLS information is based on another address, as no PRD was available for the subject property address.

Location

State MI

County Wayne

Zoning Commercial

Direction Schoolcraft and Ohio Street

Rooms

Basement Basement

Interior

Heating Forced Air

Exterior

View Y/N No

Building

Foundation Brick/Mortar

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W16I033668S

Virtual Tour https://unbranded.visithome.ai/aRmx9syoDzpCcEyJU3Wqu5?mu=ft&t=1775834498

Listed by Keller Williams Somerset

NEARBY SCHOOLS & PROPERTIES

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI 49341, United States

13660 Ohio Street Detroit, MI 48238