485 E GRAND Boulevard Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48207
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251013684
Year Built 1912
Annual Tax Amount $4,191
Lot Size 0.270 Acres
Property Description
Incredible investment opportunity in the heart of Island View! This massive multi-unit residence has served as a licensed adult foster care facility for over 50 years and was previously approved for up to 20 residents. The property is currently tenant-occupied with nine long-term residents—many with over a decade of tenancy—who would love to stay. With nine spacious bedrooms, four full bathrooms, and two half baths, the floor plan offers flexibility and scale. Just minutes from Belle Isle, downtown Detroit, and the bustling West Village, this property is perfect for investors seeking cash flow and long-term upside in a rapidly developing neighborhood.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial
Interior
Heating Hot Water
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Acceptable Financing Cash
Listing Terms Cash