8525 Maxwell Street new

Detroit,MI 48213

$ 550000

14 Beds

14 Baths

8036 SqFt


Key Details

Property Type Multi-Family

Sub Type Common Entry Building

Listing Status Active

Purchase Type For Sale

Square Footage 8,036 sqft

Price per Sqft $68

Subdivision More Than One Sub Involved

MLS Listing ID 20251028912

Style Common Entry Building

Bedrooms 14

Full Baths 14

Year Built 1927

Annual Tax Amount $30,249

Lot Size 0.270 Acres

Property Sub-Type Common Entry Building

Property Description

Opportunity awaits with this solid brick 14-unit multifamily building located on Detroit's east side. The property was recently foreclosed on by a hard money lender and is being sold as-is. 14 units, two story brick, currently tenant-occupied (lease/rent roll status unknown). Buyer should expect potential evictions or tenant turnover after purchase. Strong rental demand in the area with upside for stabilized cash flow after repositioning. Close to major freeways, local schools, and neighborhood redevelopment activity. This is a value-add investment opportunity for an experienced investor or property manager who can stabilize the building and maximize its long-term potential.

Location

State MI

County Wayne

Area Det: 6-Mack I75-Conner

Zoning Multi-Family,Residential

Interior

Heating Steam

Building

Foundation Crawl

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Detroit

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

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