$449,900

Estimated payment $2,944/month

Total Views 26
38 Beds
33 Baths
37,143 Sq Ft
$12 Price per Sq Ft

Highlights

  • 0.22 Acre Lot
  • Lobby
  • High-Rise Condominium
  • Cass Technical High School Rated 10
  • Historic Home

About This Home

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

Listing Agent

Heather Dell

RE/MAX Leading Edge License #6501269116

RE/MAX Leading Edge

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 80.00 x 120.00
  • Historic Home

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Stone Foundation
  • Poured Concrete
  • Asphalt Roof
  • Stone Siding

Interior Spaces

  • 33 Full Bathrooms
  • 37,143 Sq Ft Home
  • Multi-Level Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number W12I010519S

Community Details

Overview

  • 33 Units
  • High-Rise Condominium
  • Linwood Heights Subdivision

Amenities

  • Lobby

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building, High Rise, Historic
  • Architecture Level: 4-10 Story
  • Assessment: 100.00
  • Year Built: 1926
  • State Equalized Value: 321100.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 33.00
  • Full Bathrooms: 33
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Sq Ft Combined: 37143
  • Total Sq Ft: 37143

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Stone
  • Foundation Materials: Block, Brick/Mortar, Stone, Poured
  • Frontage Feet: 80
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Size Area: 0.22
  • Lot Dimensions: 80.00 x 120.00
  • Parcel Number: W12I010519S
  • Zoning: Multi-Family, Multiple

Rental Info

  • Monthly Rental Income: 52200

Tax Info

  • Tax Amount Summer: 18846.0000
  • Tax Amount Winter: 2233.0000
  • Total Tax: 21079.0000
  • Taxable Value: 248850.0000

Multi Family

  • Gross Scheduled Income: 626400.00
  • Number Of Units Total: 33
  • Number of Efficiency Units: 1
  • Number of One Bedroom Units: 26
  • Number of Two Bedroom Units: 6

MLS Schools

  • School District: Detroit

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $18,846 $321,100 $0 $0
2023 $18,346 $237,000 $0 $0
2022 $30,321 $335,000 $0 $0
2021 $14,741 $221,100 $0 $0
2020 $49,794 $179,700 $0 $0
2019 $14,463 $162,300 $0 $0
2018 $5,069 $76,400 $0 $0
2017 $1,199 $71,400 $0 $0
2016 $5,674 $656,300 $0 $0
2015 $6,246 $70,300 $0 $0
2013 $6,051 $70,290 $0 $0
2010 -- $75,700 $7,350 $68,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 For Sale $449,900 -- $12 / Sq Ft
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Warranty Deed $420,000 None Available
Warranty Deed $450,000 First American Title
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Source: Public Records

Source: Realcomp

MLS Number: 20250033480

Realcomp

APN: 12-010519