$585,000
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503 ALGER ST Detroit, MI 48202
7,588 SqFt
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Sold
Purchase Type For Sale
Square Footage 7,588 sqft
Price per Sqft $63
Subdivision Beamer & Fraers Sub (Plats)
MLS Listing ID 20240008286
Year Built 1918
Lot Size 7,840 Sqft
Property Sub-Type RealEstateOnly
Property Description
If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Interior
Heating Natural Gas, Radiant
Exterior
Parking Features TwoCarGarage
Garage Spaces 2.0
View Y/N No
Building
Foundation Basement, BrickMortar
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Detroit
School District Detroit
Others
Acceptable Financing Cash, Conventional, WarrantyDeed
Listing Terms Cash, Conventional, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
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Bought with Coldwell Banker Professionals-GPF
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