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$ 650,000
Est. payment | /mo
9 Baths
3,049 Sqft Lot
$ 650,000
Est. payment | /mo
9 Baths
3,049 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261042243
HOA Y/N true
Year Built 1925
Annual Tax Amount $22,141
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 31.65X100
Source Realcomp
Property Description
14800 E Vernor Hwy | Value-Add Multifamily — East Detroit / Grosse Pointe Park BorderRare value-add multifamily opportunity on the Vernor corridor, minutes from Grosse Pointe Park. Acquire at a Detroit basis while tapping the rent stability and demand of one of metro Detroit's most established affluent border communities.This 9 -unit brick building, originally built in 1925, anchors a hard corner at Vernor Hwy & Ashland St — strong visibility, high traffic counts, and the durable pre-war masonry construction that's costly to replicate today. The asset is mid-reposition under recent construction financing, giving investors a path to stabilized cash flow without starting cold.Why buyers should move:Detroit acquisition basis with Grosse Pointe Park demand spilloverHard-corner site on a major east-side thoroughfare (MLS Area 05066) units with significant rent upside to market on turnoverIn-place income today, value-add upside tomorrowFEMA Flood Zone X — outside the high-risk floodplain, lower insurance, cleaner financingStrong access to Mack Ave retail, Alter Rd, and downtown DetroitDetroit's east side is moving, and corridor-fronting multifamily this close to the Pointes doesn't last. Offering memorandum, rent roll, and financials available to qualified buyers on request.
Location
State MI
County Wayne
Zoning Multi-Family
Direction East Vernor West Of Alter And North Of Kercheval
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I062064S
Acceptable Financing Cash
Listing Terms Cash
Listed by Black Diamond Realty
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