Exceptional investment opportunity in the Fort Shelby Residences, located in the heart of Detroit's Central Business District. This offering includes two high-floor condos situated just below the penthouse level. Both units are fully leased through July 2026, providing immediate and reliable cash flow. Residents benefit from the amenities of the… Read More Hilton DoubleTree Hotel located below the residences, including lobby reception, coffee shop, restaurant and bar, business and reception center, and fitness room. The residential floors sit above the hotel in the historic Albert Kahn tower, offering additional privacy. These units enjoy extremely low property taxes - less than $3,000 per unit per year - thanks to the NEZ-Rehab tax abatement in place through 2032. The HOA does not restrict long-term leasing; short-term rentals are not permitted. With continued development throughout West Downtown, including the Cambria Hotel, Water Square Apartments at the former Joe Louis site, and the Ralph C. Wilson Jr. Centennial Park, these condos are well-positioned for appreciation. As individual condominium units, they may also be sold separately in the future to maximize resale value. Read Less
Courtesy of Berkshire Hathaway HomeServices The Loft Warehouse.
Listing Snapshot
Days Online
62
Last Updated
Property Type
Condominium
Beds
3
Full Baths
3
Square Ft.
2,209
Year Built
1927
MLS Number
60963662
30 Days Snapshot Of 48226
$150k
-13%
(avg) sold price
3
-57%
homes sold
117
+53%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Building
2,209 square feet, 6 total rooms, Built in 1927, Style: 1 Story
Cooling
Central A/C, Heat Pump(s)
Exterior Features
Brick, Stone
Foundation
Slab
Water Features
Public Water
Heating
Heat Pump(s)
Parking
2 Spaces
Taxes
Amount: $2,179
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