2255 Webb St Detroit, MI 48206
Dexter-Linwood NeighborhoodEstimated payment $38,974/month
Highlights
- 4.87 Acre Lot
- Cass Technical High School Rated 10
- Forced Air Heating System
About This Home
BACK ON THE MARKET DUE TO BUYER NOT HAVING FUNDS TO CLOSE AT CLOSING. PRICE REDUCED TO SELL!! CALLING ALL INVESTORS!! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT/OPPORTUNITY!! 60% occupied! 100 one bed/one bath and 56 two beds/one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 28 buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated/replaced. Most of the windows have been updated to vinyl. Half the complex is boiler heat and the other half has furnaces in each unit. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Seller is open to seller financing with 50% down. Serious buyers only please!
Listing Agent
Keller Williams Paint Creek License #MISPE-6501397844 Listed on: 04/24/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Bedrooms and Bathrooms
- 212 Bedrooms
- 156 Full Bathrooms
Utilities
- Forced Air Heating System
- Boiler Heating System
- Separate Meters
Additional Features
- 2-Story Property
- 4.87 Acre Lot
- Basement
Community Details
- 156 Units
- Oakman & Stoll Subdivision
Listing and Financial Details
- Assessor Parcel Number 08003410.002L
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | For Sale | $5,975,000 | 0.0% | $40 / Sq Ft |
| 07/28/2025 07/28/25 | Off Market | $5,975,000 | -- | -- |
| 07/18/2025 07/18/25 | Price Changed | $5,975,000 | -8.1% | $40 / Sq Ft |
| 07/11/2025 07/11/25 | Price Changed | $6,500,000 | -5.1% | $43 / Sq Ft |
| 04/24/2025 04/24/25 | For Sale | $6,850,000 | -- | $45 / Sq Ft |
Source: Michigan Multiple Listing Service
MLS Number: 50172514
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Source MLS: MiRealSource
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