$365,000
485 e grand boulevard, detroit, MI 48207
Property Description
Incredible investment opportunity in the heart of Island View! This massive multi-unit residence has served as a licensed adult foster care facility for over 50 years and was previously approved for up to 20 residents. The property is currently tenant-occupied with nine long-term residents—many with over a decade of tenancy—who would love to stay. With nine spacious bedrooms, four full bathrooms, and two half baths, the floor plan offers flexibility and scale. Just minutes from Belle Isle, downtown Detroit, and the bustling West Village, this property is perfect for investors seeking cash flow and long-term upside in a rapidly developing neighborhood.
General Information
Price: $365,000
Price/SqFt: $127
Status: Active
MLS#: 20251013684
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: more than one subdivision involved
Acres: 0.27
Lot Dimensions: 80.00 x 146.00
Bedrooms:0
Bathrooms:4 (4 full, 2 half)
Size: 2,884 sq.ft.
Acreage: 0.27 est.
Year Built: 1912
Property Type: Multifamily
Style: 3 Story
Features & Room Sizes
Exterior: Brick
Basement: 1
Heating: Hot Water
Heating: Hot Water
Tax, Fees & Legal
Est. Summer Taxes: $3,756
Est. Winter Taxes: $435
Est. Winter Taxes: $435
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2025 Realcomp II Ltd. Shareholders Listing By: Charles A Siciliano of @properties Christie's Int'l R.E. Birmingham, Phone: (248) 850-8632
