Fully updated and income-producing 5-unit apartment building, offering a strong opportunity for investors. Each unit is currently occupied by reliable tenants, all of whom have been in place for approximately three years and wish to stay. All leases are month-to-month, leaving flexibility for the new owner. Recent upgrades include energy-efficient appliances, a new furnace, and a new hot water tank. No major repairs are needed. Approximately 15 years remain on the tax abatement. Located near expressways, just 15 minutes from downtown Detroit and 20 minutes from Detroit Metro Airport. Great 8.5% cap rate in an up-and-coming Detroit neighborhood.
Property Details
Price:
$581,000
MLS #:
20251015492
Status:
Active
Beds:
0
Baths:
5
Address:
16810 Baylis Street
Type:
Single Family
Subtype:
Multi Family
Subdivision:
NAGELS GOLF CLUB
Neighborhood:
05043 – Det: Livernois-I75 6-Gd River
City:
Detroit
Listed Date:
Jul 25, 2025
State:
MI
Finished Sq Ft:
7,996
ZIP:
48221
Year Built:
1927
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
5 Full Bathrooms
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Common Entry Building
Construction Materials
Brick
Parking Features
Garage
Parking Spots
2
Financial
Taxes
$134
Map
Community
- Address16810 Baylis Street Detroit MI
- SubdivisionNAGELS GOLF CLUB
- CityDetroit
- CountyWayne
- Zip Code48221
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16810 Baylis Street
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