MI
Wayne
Detroit City
48226
525 W Lafayette Boulevard
525 W Lafayette Boulevard, Detroit City, MI 48226
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Listing Type
Multi Family
Listing Status
Active
22
$699,000

Home Details for 525 W Lafayette Boulevard

Price
$699,000
Type
Residential Income
Bedrooms
3
Bathrooms
3.0
Square feet
2209
Year built
1927
County
Wayne
Garage
Days on site
11
MLS Listing#
20261009241
Property Description

Exceptional investment opportunity in the Fort Shelby Residences, located in the heart of Detroit’s Central Business District. This offering includes two high-floor condos situated just below the penthouse level. Both units are fully leased through July 2026, providing immediate and reliable cash flow. Residents benefit from the amenities of the Hilton DoubleTree Hotel located below the residences, including lobby reception, coffee shop, restaurant and bar, business and reception center, and fitness room. The residential floors sit above the hotel in the historic Albert Kahn tower, offering additional privacy. These units enjoy extremely low property taxes—less than $3,000 per unit per year—thanks to the NEZ-Rehab tax abatement in place through 2032. The HOA does not restrict long-term leasing; short-term rentals are not permitted. With continued development throughout West Downtown, including the Cambria Hotel, Water Square Apartments at the former Joe Louis site, and the Ralph C. Wilson Jr. Centennial Park, these condos are well-positioned for appreciation. As individual condominium units, they may also be sold separately in the future to maximize resale value.

Property Features
  • Cooling Information
    • Central Air
    • Heat Pump
  • Heating Information
    • Heat Pump
  • Water Features
    • Public
Listing Courtesy: Berkshire Hathaway HomeServices The Loft Warehouse - 313-658-6400
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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