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Realtyflo Inc

team@dtrdetroit.com +1(313) 466-7253

$ 525,000

Est. payment -/mo

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Active

1583 Cadillac Boulevard Detroit, MI 48214

5 Beds

3.5 Baths

3,600 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Colonial

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $145

Subdivision Brandons

MLS Listing ID 20251029321

Style Colonial

Bedrooms 5

Full Baths 3

Half Baths 1

Year Built 1914

Annual Tax Amount $1,493

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 35X125

Property Sub-Type Colonial

Source Realcomp II Ltd

Property Description

Incredible Investment Opportunity – Perfect for Elder Care or Student Housing! Welcome to your next high-return investment in the heart of Downtown Detroit! This beautifully renovated three-story historic home offers a unique opportunity to generate significant rental income, whether you're seeking to establish an elder care facility or take advantage of demand for off-campus housing near Wayne State University. Boasting Approximately 3,600 sq ft of meticulously restored living space, this residence features custom finishes throughout, from extended, built-in cabinetry to original early-1900s Detroit tilework in the bathrooms. Each spacious bedroom offers the potential to generate $2,000–$3,000 per month in rent, creating a projected gross income of over $10,000/month when fully occupied. The property's layout is ideal for shared living, with multiple bathrooms, generous common areas, and a third-floor suite perfect for staff quarters or a premium rental unit. The home also includes a full basement that can be divided into individual storage units for each resident, adding valuable utility and convenience. With two kitchen areas, residents can enjoy greater flexibility and comfort in meal preparation. Stairs can be easily outfitted with stairlifts, making the property more accessible for elderly residents. Additionally, a privacy fence can be installed around the perimeter to create a safe and enclosed environment for all occupants. The exterior is just as impressive, with period-accurate paint from the 1901 East Village catalogue adding charm and curb appeal. Located in a high-demand area with walkable access to restaurants, entertainment, and major institutions, this property is a rare chance to capitalize on Detroit's growing need for elder care housing or student accommodations. Don't miss this opportunity to turn a piece of Detroit's architectural legacy into a thriving income generating business!

Location

State MI

County Wayne

Area Det: 6-Mack I75-Conner

Zoning Residential

Direction Jefferson Ave x Cadillac BLVD x Cadillac BLVD to house.

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Road Frontage Paved

Garage no

Private Pool No

Building

Foundation Basement

Sewer Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial

Level or Stories 3 Story

Structure Type Vinyl

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W19I005469S

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Financing Cash,Contract,Conventional

Listed by Drake O'Donnell of NATOD Management

Realtyflo Inc

Brokerage | License ID: 6505386963

+1(313) 466-7253

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