14440 Frankfort Street, Detroit, MI 48224
14440 Frankfort Street, Detroit, MI 48224
14440 Frankfort Street, Detroit, MI 48224
14440 Frankfort Street, Detroit, MI 48224
14440 Frankfort Street, Detroit, MI 48224
14440 Frankfort Street, Detroit, MI 48224
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Shyanne Queen

Shyanne Queen

+1(616) 610-2005
$ 800,000
Est. payment | /mo

32 Baths

0.75 Acres Lot

Save
$ 800,000
Est. payment | /mo
Save

32 Baths

0.75 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261026593

HOA Y/N true

Year Built 1958

Annual Tax Amount $48,403

Lot Size 0.750 Acres

Acres 0.75

Lot Dimensions 230X143

Source Realcomp

Property Description

32 unit apartment building with strong value add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!

Location

State MI

County Wayne

Zoning Commercial,Multi-Family

Direction North Of E Warren Ave, East Of Chalmers

Interior

Heating Hot Water

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Lot Description Sidewalk

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W21I003112S

Acceptable Financing Cash, Conventional, FHA, Land Contract, VA Loan

Listing Terms Cash, Conventional, FHA, Land Contract, VA Loan

Listed by Century 21 Curran & Oberski

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Shyanne Queen
Shyanne Queen

Associate Broker/Team Lead | License ID: 6506049089

+1(616) 610-2005 | shyannesoldit@gmail.com

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14440 Frankfort Street