8525 Maxwell ST Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48213
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 8,036 sqft
Price per Sqft $68
Subdivision More Than One Sub Involved
MLS Listing ID 20251028912
Style CommonEntryBuilding
Full Baths 14
Year Built 1927
Property Sub-Type MultiFamily
Property Description
Opportunity awaits with this solid brick 14-unit multifamily building located on Detroit's east side. The property was recently foreclosed on by a hard money lender and is being sold as-is. 14 units, two story brick, currently tenant-occupied (lease/rent roll status unknown). Buyer should expect potential evictions or tenant turnover after purchase. Strong rental demand in the area with upside for stabilized cash flow after repositioning. Close to major freeways, local schools, and neighborhood redevelopment activity. This is a value-add investment opportunity for an experienced investor or property manager who can stabilize the building and maximize its long-term potential.
Location
State MI
County Wayne
Area Area05052Det6Macki75Conner
Interior
Heating NaturalGas, Steam
Exterior
Pool None
View Y/N No
Building
Foundation CrawlSpace
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard