8525 Maxwell Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48213
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