18059 Hoover Street
Detroit, Michigan 48205
0
Bed
16
Bath
10,590Sqft
0.46Acre(Lot)
Calling all investors! 16-unit apartment complex featuring all one-bedroom, one-bath units. Extensively updated with new plumbing, updated electrical, newer windows, and brand-new furnaces. Half the units offer electric baseboard heat, while the others have individual furnaces. Tenants pay gas and electric, keeping operating costs low. Units have been renovated with updated kitchens and baths, new flooring, fresh paint, and stainless steel appliances. 90%+ occupied and generating a strong 12% cap rate. Property has completed Step 1 of the Pilot Program, with seller working toward full approval with two steps remaining. Don't miss this great investment opportunity!
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 16 Full Baths: 16 -
Heating & Cooling
Heating: Baseboard,Other,Separate Meters Heating Fuel: Electric,Natural Gas
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Building Information
Year Built: 1948 Building Stories: 2 Story Total Units: 16 Foundation/Basement: Basement -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
-
Lot Information
Lot Size: 0.46 Lot Dimensions: 20038 -
Property Information
SQ ft: 10590 Subdivision: Onahome Sub Financing: Cash
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Listing Price Information
Original List Price: $1,000,000 -
Listing Information
Possession: At Close Legal Description: W HOOVER 19 THRU 10 AND E 10 FT OF VAC ALLEY ADJ ONAHOME SUB L60 P56 PLATS, W C R 17/532 200 X 99.85A
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Tax Information
Annual Tax: $26,473 Parcel Number: 170139994008Possession
At CloseLegal Information
Legal Description: Section: W HOOVER 19 THRU 10 AND E 10 FT OF VAC ALLEY ADJ ONAHOME SUB L60 P56 PLATS, W C R 17/532 200 X 99.85A
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School Information
School District: Detroit -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 16666 E 8 Mile Road , Detroit, MI, 48205 | $75,000 | -- | 2 | 974 | 974 SqFt |
| 16241 E 7 Mile Road , Detroit, MI, 48205 | $230,000 | 4 | 2.5 | 2,546 | 2,546 SqFt |
| 14622 Faircrest Street , Detroit, MI, 48205 | $69,999 | 3 | 2 | 1,540 | 1,540 SqFt |
| 14422 Maddelein Street , Detroit, MI, 48205 | $230,000 | 4 | 4 | 2,898 | 2,898 SqFt |
| 14296 Glenwood Street , Detroit, MI, 48205 | $2,999,999 | 14 | 12 | 9,744 | 9,744 SqFt |
| 14299 Fordham Street , Detroit, MI, 48205 | $2,999,999 | 18 | 18 | 10,310 | 10,310 SqFt |
| 14140 Seymour Street , Detroit, MI, 48205 | $74,900 | 4 | -- | -- | |
| 13626 Troester Street , Detroit, MI, 48205 | $30,000 | 4 | 2 | 2,040 | 2,040 SqFt |
| 18036 Schoenherr Street.., Detroit, MI, 48205 | $2,999,999 | -- | 28 | 16,860 | 16,860 SqFt |
| 18029 Schoenherr Street , Detroit, MI, 48205 | $2,999,999 | 10 | 14 | 6,702 | 6,702 SqFt |
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ByOwner last updated this listing 06/22/2026 @ 04:15
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