MI
Wayne
Detroit City
48214
4847 Baldwin Street
4847 Baldwin Street, Detroit City, MI 48214
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Listing Type
Multi Family
Listing Status
Active
21
$549,900

Home Details for 4847 Baldwin Street

Price
$549,900
Type
Residential Income
Bedrooms
22
Bathrooms
28.0
Square feet
15837
Year built
1925
Lot size acres
0.17
County
Wayne
Garage
Basement
Full, Unfinished
Days on site
35
MLS Listing#
20261004246
Property Description

Located at 4847 Baldwin Street, Detroit, MI, just north of The Villages neighborhood, The Balren apartment is a four-story brick apartment building offering a strong value-add investment opportunity with close proximity to Downtown Detroit and convenient access to all major highways. Built in 1925, the property had undergone renovations and has the potential to generate over $300,000 in gross annual income once stabilized. Previously approved and permitted improvements through BSEED include in-wall and underground plumbing, mechanical and electrical upgrades, newly installed split HVAC units, and new framing completed in 13 of the 26 units. The building features a total of 26 apartments consisting of 6 studios, 18 one-bedroom units, and 2 two-bedroom units, with projected monthly rents ranging from $1,250 to $1,500. A previously constructed basement laundry room with a new concrete slab is in place.

Property Features
  • Heating Information
    • Natural Gas
    • Steam
  • Basement
    • Full
    • Unfinished
  • Cooling Information
    • None
  • Water Features
    • Public
Listing Courtesy: RE/MAX Team 2000 - 313-561-0900
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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