• 503 Alger Street Detroit, Michigan 48202

  • $585,000
  • 16
    Bed(s)
  • 9
    Baths
  • 7,588
    Sq Ft
  • 0.18
    Acre

If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.

Property Type :

Multifamily

Subdivision :

Beamer & Fraers Sub (plats)

County :

Wayne

Style :

Multifamily

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Property Details

 

Bathroom Information

Total Baths: 9

Full Baths: 9

Room Information

Porches: Porch

Interior Features

Basement Description: Unfinished

Heating & Cooling

Heating: Radiant

Heating Fuel: Natural Gas

Building Information

Year Built: 1918

Building Stories: 3 Story

Total Units: 9

Foundation/Basement: Basement

Architecture: Colonial

Exterior Features

Construction: Brick

Utility Features

Sewer: Public Sewer (Sewer-Sanitary)

Water

Public (Municipal)

Lot Information

Lot Size: 0.18

Lot Dimensions: 70 x 113

Frontage Feet: 70

Property Information

SQ ft: 7588

Subdivision: BEAMER & FRAERS SUB (PLATS)

Financing: Cash,Conventional,Warranty Deed

Listing Price Information

Original List Price: $720,000

Listing Information

Possession: At Close

Legal Description: N ALGER E 10 FT 31 30 W 20 FT 29 BEAMER & FRAERS L14 P8 PLATS, W C R 3/102 70 X 113

Tax Information

Annual Tax: $1,772

Parcel Number: W03I002322S

Possession

At Close

Legal Information

Legal Description: Section: N ALGER E 10 FT 31 30 W 20 FT 29 BEAMER & FRAERS L14 P8 PLATS, W C R 3/102 70 X 113

Parking Information

Has Garage: Yes

Multi-Unit Information

Road Frontage: Paved

Unit 2 Information

# of Bedrooms: 8

School Information

School District: Detroit

Utility Information

Water:Public (Municipal)

Sewer:Public Sewer (Sewer-Sanitary)

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
430 E Philadelphia , Detroit, MI,48202 $35,000 -- -- -- 0.12 Acre
205 Melbourne , Detroit, MI,48202 $80,000 -- -- -- 0.16 Acre
267 Harmon , Detroit, MI,48202 $12,000 -- -- -- 0.08 Acre
9118 Brush Street , Detroit, MI,48202 $5,000 2 1 1,206 0.02 Acre
226 Hendrie Street , Detroit, MI,48202 $499,500 7 3.5 3,756 0.16 Acre
408 Horton Street , Detroit, MI,48202 $159,000 6 3 2,614 0.07 Acre
30 E Philadelphia Street , Detroit, MI,48202 $3,375,000 32 44 6,620 0.24 Acre
690 W Philadelphia Stre.., Detroit, MI,48202 $34,000 -- -- -- 0.2 Acre
650 Gladstone Street , Detroit, MI,48202 $68,000 -- -- -- 0.39 Acre
759 Atkinson Street , Detroit, MI,48202 $44,900 -- -- -- 0.16 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 05/12/2024 @ 06:13

MLS: 600821777
LISTED BY: Adrena Holman , EXP Realty LLC
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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