MI
Wayne
Detroit City
48207
900 E Grand Boulevard
900 E Grand Boulevard, Detroit City, MI 48207
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Listing Type
Commercial/Industrial
Listing Status
Active
10
$450,000

Home Details for 900 E Grand Boulevard

Price
$450,000
Type
Commercial Sale
Bedrooms
11
Bathrooms
Square feet
4934
Year built
1905
Lot size acres
0.3
County
Wayne
Garage
Days on site
47
MLS Listing#
20251047515
Property Description

Fully-occupied 5-unit apartment building producing $62,400/year in gross rental income. Consisting of four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at $1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing strong upside potential in Detroit’s revitalizing Islandview / West Village corridor. Highlights • 100% occupancy with stable tenants • Below market rent – significant upside • Cap rate 8.3% with growth potential to 10% • Landlord only pays water – low expense ratio • Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit • Updated interiors and long-term tenant stability

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Parking
    • Parking Lot
    • On Site
  • Cooling Information
    • Wall/Window Unit(s)
  • Water Features
    • Public
Listing Courtesy: Century 21 Curran & Oberski - 313-274-7200
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Michigan Regional Information Center.
EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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