$550,000
8525 maxwell street, detroit, MI 48213
Property Description
Opportunity awaits with this solid brick 14-unit multifamily building located on Detroit’s east side. The property was recently foreclosed on by a hard money lender and is being sold as-is. 14 units, two story brick, currently tenant-occupied (lease/rent roll status unknown). Buyer should expect potential evictions or tenant turnover after purchase. Strong rental demand in the area with upside for stabilized cash flow after repositioning. Close to major freeways, local schools, and neighborhood redevelopment activity. This is a value-add investment opportunity for an experienced investor or property manager who can stabilize the building and maximize its long-term potential.
General Information
Price: $550,000
Price/SqFt: $68
Status: Active
MLS#: 20251028912
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: more than one sub involved
Acres: 0.27
Lot Dimensions: 244.14X47.73
Bedrooms:0
Bathrooms:14 (14 full, 0 half)
Size: 8,036 sq.ft.
Acreage: 0.27 est.
Year Built: 1927
Property Type: Multifamily
Style: 2 Story
Features & Room Sizes
Exterior: Brick
Basement: 0
Heating: Steam
Heating: Steam
Tax, Fees & Legal
Est. Summer Taxes: $13,707
Est. Winter Taxes: $16,542
Est. Winter Taxes: $16,542
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2025 Realcomp II Ltd. Shareholders Listing By: J'Donovan Smith of Golden Key Realty Group LLC, Phone: (248) 422-6962
