Prime location in the heart of midtown downtown Detroit. Opportunity knocks for this great potential to finish and renovate a multi-family apartment complex. The 3-story investment is located in the historic district and is conveniently located near landmarks in downtown Detroit. Central and convenient to lifestyle amenities and entertainment. This complex offers lucrative opportunities. Which consists of 15 units total, each unit consists of 1-bedroom, full bathroom, living room, dining room and a kitchen. 5 of 15 units are occupied. Full parking lot in the rear of the complex. It is a rare opportunity indeed to invest. Property is sold AS IS. Buyer responsible for all City of Detroit Compliance. This property is zoned class SD1 (Mixed Use). Buyer and Buyers agent to confirm zoning and building code guidelines for inspections, permits, and city of Detroit compliance. Contact City of Detroit for the ZVL letter to find out the current legal use. Proof of funds and approved buyers only. All data and measurements are approx. Buyer’s agent to verify all information.
Property Details
Property Features
Property Information:
Architectural Style: Other, Upper/Lower Apartment
Year Built: 1918
Stories: 3
Living Area: 11,008 SqFt
Listing Office:
Office Name: Sunflower Realty LLC
Office Phone: (313) 747-0700
Listing Agent: Mariam Khalaf
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 15
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.24 Acres
Utilities
Utilities Information:
Heating: Other, Steam
Other
Directions Information:
Directions: N. Mack Ave / W. Woodward Ave
Price Information
Listing Price Info
Price Summary:
List Price: $1,225,000
Price Per SqFt: $111/SqFt
Tax Information:
Annual Amount: $5,438
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $1.1M more than the Median Sold Price and $37/SqFt more than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240029709
Listing Office:
Office Name: Sunflower Realty LLC
Office Phone: (313) 747-0700
Listing Agent: Mariam Khalaf
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
1
/10
University Preparatory Academy (PSAD) Elementary School
957 Holden St
Distance between this listing and this school1.14 miles
Public Charter Grades KG-5
2
/10
University Preparatory Academy Psad Elementary School
435 Amsterdam St
Distance between this listing and this school1.26 miles
Public Charter Grades KG-5
8
/10
Chrysler Elementary School
1445 E Lafayette St
Distance between this listing and this school1.68 miles
Public District Grades KG-5
Nearby Schools
7
/10
Edmonson Montessori
1300 W Canfield St
Distance between this listing and this school0.53 miles
Public District Grades PK-8
2
/10
Spain Elementary-Middle School
3700 Beaubien St
Distance between this listing and this school0.62 miles
Public District Grades PK-8
3
/10
University Preparatory Science and Math (PSAD) Middle School
5100 John R St
Distance between this listing and this school0.73 miles
Public Charter Grades 6-8
Nearby Schools
5
/10
Detroit School of Arts
123 Selden St
Distance between this listing and this school0.14 miles
Public District Grades 9-12
4
/10
Benjamin Carson High School of Science and Medicine
571 Mack Ave
Distance between this listing and this school0.63 miles
Public District Grades 9-12
9
/10
Cass Technical High School
2501 2nd Ave
Distance between this listing and this school0.70 miles
The neighbors living near this home have an average income of $11,196. The most common annual income of people living in Detroit, MI is less than $35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
This home is located at 467 W Alexandrine St in Detroit, MI and zip code 48201 in the Downtown neighborhood. This 11,008 square foot home, which was built in 1918, sits on a 0.24 acre lot. Features: 15 bathrooms. It has been listed on Rocket Homes since May 07, 2024 and is currently priced at $1,225,000.
While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. In October 2024 median list price was $85,000 and the average listing age was 45 days.
From Rocket Homes Real Estate and based on county public records data.