MID-CENTURY IN THE CITY! Sellers have made an extensive investment into renovations, making this recently remodeled 15-unit Palmer Park GEM a prime income-generating property. 303 Covington consistently earns top-dollar rental income, with most units already updated or in the final stages of renovation—tenant-ready within the month.
Recent upgrades include a new boiler (2022), all new electrical service panels, dozens of replaced thermal windows, new in-unit ACs, and numerous interior improvements throughout each unit. This property has been a reliable income producer for decades and has undergone several thoughtful restorations, making it highly desirable for long-term, consistent occupancy.
Tenants enjoy a shared courtyard and laundry room, secure fencing, illuminated walkways, front and rear entrances, and first-come, first-served parking.
Rent rolls and expense reports available upon request. Don’t miss this incredible investment opportunity in one of Detroit’s most historic and revitalized neighborhoods!
Recent upgrades include a new boiler (2022), all new electrical service panels, dozens of replaced thermal windows, new in-unit ACs, and numerous interior improvements throughout each unit. This property has been a reliable income producer for decades and has undergone several thoughtful restorations, making it highly desirable for long-term, consistent occupancy.
Tenants enjoy a shared courtyard and laundry room, secure fencing, illuminated walkways, front and rear entrances, and first-come, first-served parking.
Rent rolls and expense reports available upon request. Don’t miss this incredible investment opportunity in one of Detroit’s most historic and revitalized neighborhoods!
Property Details
Price:
$1,290,000
MLS #:
20250024379
Status:
Active
Beds:
0
Baths:
0
Address:
303 COVINGTON DR
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
MERRILL PALMER ALSO PG 55
Neighborhood:
05041 – Det 6-8 Grfld-Dequindre
City:
Detroit
Listed Date:
Apr 11, 2025
State:
MI
Finished Sq Ft:
8,831
Total Sq Ft:
8,831
ZIP:
48203
Lot Size:
10,890 sqft / 0.25 acres (approx)
Year Built:
1964
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
Exterior
Construction Materials
Brick
Financial
Taxes
$19,675
Map
Community
- Address303 COVINGTON DR Detroit MI
- SubdivisionMERRILL PALMER (ALSO PG 55 )
- CityDetroit
- CountyWayne
- Zip Code48203
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