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$ 550,000
Est. payment /mo
Active
8525 Maxwell Street Detroit, MI 48213
14 Baths
0.27 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251028912
Year Built 1927
Annual Tax Amount $30,249
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 244.14X47.73
Source Realcomp
Property Description
Opportunity awaits with this solid brick 14-unit multifamily building located on Detroit's east side. The property was recently foreclosed on by a hard money lender and is being sold as-is. 14 units, two story brick, currently tenant-occupied (lease/rent roll status unknown). Buyer should expect potential evictions or tenant turnover after purchase. Strong rental demand in the area with upside for stabilized cash flow after repositioning. Close to major freeways, local schools, and neighborhood redevelopment activity. This is a value-add investment opportunity for an experienced investor or property manager who can stabilize the building and maximize its long-term potential.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction S of Harper / E of Van Dyke
Rooms
Basement Crawl Space
Interior
Heating Steam
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W17I008486S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Golden Key Realty Group LLC