Active /
MLS #20250024421 /
Multiple Family /
Gratiot-Findlay
Listing information updated 12/23/2025 at 2:45pm
Fully updated 14-unit multifamily apartment building in the heart of Detroit's East Side, nestled in the Gratiot-Findlay neighborhood. This turnkey asset features all new plumbing, electrical, drywall, windows, mechanicals including AC, and new gas lines-offering a truly low-maintenance, long-term investment opportunity. Strategically located directly behind the Detroit Police Department's 9th Precinct, the property benefits from exceptional built-in security. Just steps from Gratiot Ave, residents enjoy easy access to public transportation, shopping, restaurants, and everyday amenities, along with quick connectivity to Downtown Detroit. An added bonus: an adjacent side lot is available through the City, ideal for future development, additional parking, or expanded outdoor space. Currently, 12 out of 14 units are leased, generating $14,200 per month in rent plus an additional $400 in water reimbursement for a total monthly income of $14,600. Current owner is netting $135,840 annually. A previous appraisal came in at $1.15M, with the full report uploaded in the documents for review. Don't miss this exceptional value-secure this fully modernized, income-producing multifamily building while it's still available. opportunity in a growing area!
Listing Office: EXP Z Real Estate
Listing Office Phone: 248.937.1337
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