SQUARE FEET32,934
MLS#20261027480
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONJefferson Park Land Co Ltd 1
SCHOOLDetroit
Property Description
32 unit apartment building with strong value add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Property Features
Property Type: Commercial - Business
Fenced: Yes
Lot Size: 0.75 Acres
Year Built: 1958
Amenities
Fenced
Feature Descriptions
Days on Site: 31
Deposit: $400000.00
Exterior: Brick
Foundation: Basement
Frontage Feet: 229
Lot Dimensions: 0.75 Acre(s)
Road Frontage: Paved
Summer Tax: $24375.0000
Water Heater: Natural Gas
Winter Tax: $24028.0000
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: Century 21 Curran & Oberski
Agency Phone: (313) 274-7200
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
14440 Frankfort Street | MLS# 20261027480
This commercial property located at 14440 Frankfort Street, Detroit, MI 48224 is currently listed for sale with an asking price of $800,000. Frankfort Street is located within the Detroit school district. Search Detroit real estate on www.ikeyrealty.com today.