Located in the historic Boston-Edison Historic District, this 16-unit apartment building presents a rare and compelling investment opportunity in one of Detroit's most sought-after and rapidly revitalizing neighborhoods. The interior of the building has been fully taken down to the studs, offering a blank slate for investors and developers to… Read More bring their vision to life. With major interior demolition already completed and permits pulled from the city, the heavy lifting has been started - saving both time and upfront costs. This is a prime opportunity to design modern, high-demand units while preserving the character that makes Boston Edison so desirable. Whether you're looking to create luxury rentals, workforce housing, or condominiums, the possibilities here are endless. With close proximity to Midtown and Downtown, future tenants will enjoy convenient access to dining, entertainment, and employment hubs. Don't miss the chance to transform this value-add property into a standout asset in one of Detroit's most iconic and up-and-coming districts. Read Less
Courtesy of Lambrecht Realty LLC.
Listing Snapshot
Days Online
4
Last Updated
Property Type
Multi-Family
Square Ft.
11,876
Lot Size
0.23 Acres
MLS Number
60980320
30 Days Snapshot Of 48206
$1k
-28%
(avg) sold price
2
-50%
homes sold
48
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Basement
Poured
Building
11,876 square feet, 16 total units, Built in 1926
Cooling
Other
Exterior Features
Brick
Foundation
Basement
Water Features
Public Water, Public Water at Street
Heating
Other-See Remarks
Income
Net operating income: $0
Lot
Lot size: 91.4X108, 0.23 acres
Property
Multi-Family
Sewer
Public At Street
Taxes
Total amount: $6,959
Unit Five
Bedroom 2 width: 91
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