BEDS3
BATHS3 full
SQUARE FEET2,209
MLS#20261002827
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONFort Shelby Hotel Condo
SCHOOLDetroit
Property Description
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 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.
Property Features
Property Type: Residential - Condominium
Cooling: Central Air, Heat Pump
Fuel Type: Heat Pump
Heating: Heat Pump
Home Style: High Rise
Year Built: 1927
Feature Descriptions
Architecture: High Rise
Days on Site: 105
Exterior: Brick, Stone
Foundation: Slab
Garage/Parking: 2+ Assigned Spaces, Driveway, Parking Lot
Homeowners Association Fee: $1416 (Monthly)
Parking Notes: 2+ Assigned Spaces, Driveway, Parking Lot
Road Frontage: Paved
Summer Tax: $1679.0000
Winter Tax: $500.0000
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: Berkshire Hathaway HomeServices The Loft Warehouse
Agency Phone: (313) 658-6400
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 4,060.91 per month $3,859.66 Principal & Interest $0.00 Property Tax (data not provided by mls) $201.25 Homeowner's Insurance
525 W Lafayette Boulevard | MLS# 20261002827
This condo located at 525 W Lafayette Boulevard, Detroit, MI 48226 is currently listed for sale with an asking price of $690,000. This property was built in 1927 and has 3 bedrooms and 3 full baths with 2209 sq. ft. W Lafayette Boulevard is located in the Fort Shelby Hotel Condo subdivision within the Detroit school district. Search Fort Shelby Hotel Condo real estate on www.ikeyrealty.com today.