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$ 975,000
Est. payment /mo
New
4847 BALDWIN Street Detroit, MI 48214
28 Baths
7,405 Sqft Lot
UPDATED:
02/17/2025 03:22 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250010328
HOA Y/N true
Originating Board Realcomp
Year Built 1925
Annual Tax Amount $2,537
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 122.00 x 121.00
Property Description
Located on Baldwin Street just north of The Villages neighborhood, The Balren apartment building is within close proximity to Downtown Detroit and all major highways. Built in 1925, the three story brick building has been under renovations and presents a value-add investment opportunity with potential for over $300,000 in gross income. List of improvements permitted and approved by BSEED include in-wall and underground plumbing, mechanical, electrical, new split units installed and new framing completed for 13 of 26 units. There's a new laundry room with new concrete slab in basement. The building consists of 26 apartments including: - 6 studios - 18 one bedrooms - 2 two bedroom apartments. Expected monthly rents range from $850 to $1,250 per month. There's an additional parking lot included directly next to the building.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial
Direction On Baldwin Just South Of Warren
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W17I011509S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by O'Connor Realty Detroit, LLC