Attention Real Estate Investors and Developers! Incredible Rehab Opportunity in Historic Virginia Park, Detroit. Built in 1928, this expansive corner property offers an opportunity for renovation, with 5,628 square feet of space to transform it into something incredible. Fully gutted and primed for renovation, this property is ready to become a piece of Detroit's rejuvenation in one of the most sought- after neighborhoods. Zoned R2, this property offers versatility for residential single-family, two-family, multi-family, and commercial usage. A total lot size of 8,276 square feet allowing for a large space for potential development or expansion.Prime corner location maximizes both visibility and accessibility. With proximity to Henry Ford Hospital, the iconic Motown Museum and The Congregation Coffee house, this property is centrally located to all that is celebrated in Detroit. Take advantage of the high demand for housing and commercial spaces in Detroit- with flexible zoning and prime location this property offers investment opportunities from residential to commercial ventures. Please note- The seller has plans for an 8 unit including the basement and second parcel for parking. Lot next to property is included in the sale (2072 Clairmount).
Property Type :
Multifamily
Subdivision :
White
County :
Wayne
Style :
Multifamily
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ByOwner last updated this listing 05/03/2024 @ 17:40
MLS: 600872100
LISTED BY: Tracy A Petersen , Elite Realty
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3.00%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
