$425,000 for Sale
900 e grand boulevard, detroit, MI 48207
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
General Information
Sale Price: $425,000
Price/SqFt: $86
Status: Active
MLS#: 20251047515
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.3
Lot Dimensions: 93.00X134.00
Size: 4,934 sq.ft.
Acreage: 0.3 est.
Year Built: 1905
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $4,924
Est. Winter Taxes: $586
Est. Winter Taxes: $586
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd., ©2025 Realcomp II Ltd. Shareholders Listing By: Jiryes Jarrous of Century 21 Curran & Oberski, Phone: (313) 274-7200
