$480,000
$585,000
17.9%For more information regarding the value of a property, please contact us for a free consultation.
503 ALGER Street Detroit, MI 48202
7,588 SqFt
Key Details
Sold Price $480,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,588 sqft
Price per Sqft $63
MLS Listing ID 20240008286
Sold Date 04/22/25
Year Built 1918
Annual Tax Amount $1,967
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 70 x 113
Source Realcomp
Property Description
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.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Alger and Beaubian
Rooms
Basement Basement
Interior
Heating Radiant
Exterior
View Y/N No
Building
Foundation Brick/Mortar
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W03I002322S
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