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11,439
square ft

4470 E Outer Drive
Detroit, Michigan 48234

Closed / MLS #20251058117 / Multiple Family / Nortown
Listing information updated 12/4/2025 at 10:05am
Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized (over $15,000 gross income per month!) with room yet to increase rents significantly without large capital expenditures. Two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. There is also a parking lot with plenty of parking for tenants. Overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. Offering memorandum, rent roll and P&L are available upon request.
Exterior Type:
Brick
Basement:
Common, Unfinished
Water Front:
No
Square Feet:
11,439
Lot Size:
0.3 Acres
Acreage:
0.3
Built:
1956
Zoning:
Multi-Family
Building Square Feet:
11,439
Current Net Income:
$191,712
Tax Amount:
$28,646
Tax Year:
N/A
Zip Code:
48234
City:
Detroit
County:
Wayne

Listing Office: Keller Williams Somerset

Listing Office Phone: 248.649.7200

Disclaimer: IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, © 2025 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

$96,500
Average Sale Price
49
Average Days On The Market
90%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 4470 E Outer Drive, Detroit, MI 48234

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4470 E Outer Drive, Detroit, MI 48234 is a multiple family which sold for . This multiple family has been listed on @properties REMI Christie's International Real Estate since December 4th, 2025 and was built in 1956.