8
See all 8 photos
$800,000
Est. payment /mo
32 Baths
0.75 Acres Lot
New
14440 Frankfort Street Detroit, MI 48224
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261026593
HOA Y/N true
Year Built 1958
Annual Tax Amount $48,403
Lot Size 0.750 Acres
Acres 0.75
Lot Dimensions 230X143
Source Realcomp
Property Description
32 unit apartment building with strong value add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Location
State MI
County Wayne
Zoning Commercial,Multi-Family
Direction North Of E Warren Ave, East Of Chalmers
Interior
Heating Hot Water
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Lot Description Sidewalk
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I003112S
Acceptable Financing Cash, Conventional, FHA, Land Contract, VA Loan
Listing Terms Cash, Conventional, FHA, Land Contract, VA Loan
Listed by Century 21 Curran & Oberski
NEARBY SCHOOL & BUSINESS