SQUARE FEET4,934
MLS#20251047515
STATUSAccepting Backup Offers
PROPERTY TYPECommercial - Business
SUBDIVISIONAssessors Of Lts 1 To 65 Incl Pt 66 Etc
SCHOOLDetroit
Property Description
Fully-occupied 5-unit apartment building producing $62,400/year in gross rental income. Consisting of four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at $1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing strong upside potential in Detroit’s revitalizing Islandview / West Village corridor. Highlights • 100% occupancy with stable tenants • Below market rent – significant upside • Cap rate 8.3% with growth potential to 10% • Landlord only pays water – low expense ratio • Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit • Updated interiors and long-term tenant stability
Property Features
Property Type: Commercial - Business
Fenced: Yes
Lot Size: 0.30 Acres
Year Built: 1905
Amenities
Fenced
Feature Descriptions
Days on Site: 208
Exterior: Vinyl
Foundation: Basement
Frontage Feet: 93
Lot Dimensions: 0.30 Acre(s)
Road Frontage: Paved
Summer Tax: $4924.0000
Water Heater: Natural Gas
Winter Tax: $586.0000
Year Remoldeled: 2023
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
900 E Grand Boulevard | MLS# 20251047515
This commercial property located at 900 E Grand Boulevard, Detroit, MI 48207 is currently listed for sale with an asking price of $349,000. E Grand Boulevard is located within the Detroit school district. Search Detroit real estate on www.ikeyrealty.com today.