**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space. The property does require a full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING.
Property Details
Price:
$124,900
MLS #:
20240090298
Status:
Active
Beds:
0
Baths:
6
Address:
1473 TAYLOR ST
Type:
Single Family
Subtype:
Multi Family
Subdivision:
BESSENGER & MOORES SUB
Neighborhood:
05043 – Det: Livernois-I75 6-Gd River
City:
Detroit
Listed Date:
Dec 8, 2024
State:
MI
Finished Sq Ft:
3,220
ZIP:
48206
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:
1916
See this Listing
Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…
More About AndreaMortgage Calculator
Schools
School District:
Detroit
Interior
Bathrooms
6 Full Bathrooms
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Historic
Construction Materials
Brick
Parking Features
Two Car Garage
Roof
Asphalt
Financial
Taxes
$51
Map
Community
- Address1473 TAYLOR ST Detroit MI
- SubdivisionBESSENGER & MOORES SUB
- CityDetroit
- CountyWayne
- Zip Code48206
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1473 TAYLOR ST
Detroit, MI
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