12170 DEXTER Avenue, Detroit, MI 48206 - MLS#20240077365

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Additional details

Larry Else

larry@dtrdetroit.com +1(313) 315-3215

$ 495,000

Est. payment -/mo

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12170 DEXTER Avenue Detroit, MI 48206

32 Beds

33 Baths

37,143 SqFt

UPDATED:

10/14/2024 07:49 PM

Key Details

Property Type Multi-Family

Sub Type Common Entry Building,High Rise,Historic

Listing Status Active

Purchase Type For Sale

Square Footage 37,143 sqft

Price per Sqft $13

Subdivision Linwood Heights (Plats)

MLS Listing ID 20240077365

Style Common Entry Building,High Rise,Historic

Bedrooms 32

Full Baths 33

Originating Board Realcomp II Ltd

Year Built 1926

Annual Tax Amount $20,579

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 80.00 x 120.00

Property Description

Opportunity to restore one of the last large elevator multifamily buildings in Detroit. Historic 33 unit with built out storefronts in the rapidly developing Dexter Corridor. Recently awarded over 30 million in grants this area surrounds Historic Russell Woods and is currently undergoing a massive street scape and infrastructure revitalization. The 27.5 mile Joe Louis Greenway will run through the Dexter Linwood corridor spurring additional retail and mixed use development for years to come. EV Charging stations, new water lines, extensive landscaping and areas for pedestrian walkways and retail currently in progress. Minutes away from New Center, The Fisher, Henry Ford Hospital and Police Headquarters, fifteen minutes from the Downtown Riverfront and Ferndale and Royal Oak to the north. 26 one bedroom apartments, six two bedrooms and a Super's unit on the garden level. This building was built for luxury and elegance with detailed marble and tile work that can be saved. This building is a FULL Rehab but even with moderate finishes and upgrades this building will be highly rentable at market rates, especially recent grads and relocations moving to Detroit for work and priced out of downtown and the suburbs. Here is a chance to make your mark on the city everyone is watching and get established before the area is priced out. BATVAI

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family,Multiple

Direction Dexter and Richton

Rooms

Basement Unfinished, Common

Interior

Heating Radiant

Fireplace no

Heat Source Natural Gas

Exterior

Waterfront no

Road Frontage Paved

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Water at Street

Architectural Style Common Entry Building, High Rise, Historic

Level or Stories 4-10 Story

Structure Type Brick,Stone

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W12I010519S

Ownership Short Sale - No,Private Owned

Assessment Amount $100

Acceptable Financing Cash, Conventional, FHA 203K

Listing Terms Cash, Conventional, FHA 203K

Financing Cash,Conventional,FHA 203K

Listed by Heather Dell of RE/MAX Leading Edge

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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