• 2623 Cochrane Street Detroit, Michigan 48216

  • $1,575,000
  • 10
    Bed(s)
  • 10
    Baths
  • 1,100
    Sq Ft
  • 0.07
    Acre

Fantastic Investment Opportunity in North Corktown! This newly constructed 6-unit apartment complex is ideally situated just minutes from Ford Central Station, top-notch dining, shopping, and the vibrant heart of downtown Detroit. These two separate 3-unit buildings are perfectly suited for lucrative short-term rental opportunities. Each unit is thoughtfully designed with contemporary finishes, ensuring tenant satisfaction and maximizing rental income. The proximity to Ford Central Station and downtown Detroit ensures a constant stream of potential tenants, whether they be business travelers, tourists, or city dwellers looking for convenience and style.North Corktown is a burgeoning neighborhood with a unique blend of historic charm and revitalization. This presents a remarkable opportunity for long-term appreciation in property value, making it a smart addition to any investment portfolio.

Property Type :

Multifamily

Subdivision :

Plat Of Pc 27 Lognon Farm (plats)

County :

Wayne

Style :

Multifamily

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Property Details

 

Bathroom Information

Total Baths: 10

Full Baths: 10

Interior Features

ENERGY STAR® Qualified Window(s),Programmable Thermostat

Heating & Cooling

Heating: ENERGY STAR® Qualified Furnace Equipment,Forced Air

Heating Fuel: Natural Gas

Building Information

Year Built: 2023

Building Stories: 2 Story

Total Units: 6

Foundation/Basement: Slab

Architecture: Contemporary

Exterior Features

Construction: Stucco,Vinyl

Utility Features

Sewer: Sewer at Street

Water

Water at Street

Lot Information

Lot Size: 0.07

Lot Dimensions: 31 x 100

Frontage Feet: 31

Property Information

SQ ft: 1100

Subdivision: PLAT OF PC 27 LOGNON FARM (PLATS)

Financing: Cash,Conventional

Listing Price Information

Original List Price: $1,575,000

Listing Information

Possession: At Close

Legal Description: W COCHRANE 212 PLAT OF LOGNON FARM L2 P5 PLATS, W C R 8/29 31 X 100

Tax Information

Parcel Number: 08006585.

Possession

At Close

Legal Information

Legal Description: Section: W COCHRANE 212 PLAT OF LOGNON FARM L2 P5 PLATS, W C R 8/29 31 X 100

Multi-Unit Information

Road Frontage: Paved

Unit 1 Information

# of Bedrooms: 2

Unit 2 Information

# of Bedrooms: 4

School Information

School District: Detroit

Utility Information

Water:Water at Street

Sewer:Sewer at Street

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1536 Temple , Detroit, MI,48216 $18,000 -- -- -- 0.07 Acre
2845 Standish Street , Detroit, MI,48216 $45,000 -- -- -- 0.41 Acre
2287 Cochrane Street , Detroit, MI,48216 $150,000 -- -- -- 0.05 Acre
3009 Cochrane Street , Detroit, MI,48216 $49,000 -- -- -- 0.07 Acre
2927 Rosa Parks Bouleva.., Detroit, MI,48216 $48,263 -- -- -- 0.22 Acre
423 W Grand Boulevard , Detroit, MI,48216 $500,000 8 4 4,202 0.14 Acre
1503 1515 1519 Sainte A.., Detroit, MI,48216 $269,900 2 1 950 0.16 Acre
2435 Perry Street, Detroit, MI,48216 $35,000 -- -- -- 0.18 Acre
2876 Tillman Street, Detroit, MI,48216 $50,000 -- -- -- 0.06 Acre
3525 Porter Street, Detroit, MI,48216 $8,000 -- -- -- 0.06 Acre
MLS Logo

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 05/09/2024 @ 02:49

MLS: 597674876
LISTED BY: Kevin M Hill , @properties Christie's Int'l RE Northville
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3%
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.

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