23
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$1,000,000
Est. payment /mo
20 Baths
7,405 Sqft Lot
Active
15523 MACK Avenue Detroit, MI 48224
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261022598
HOA Y/N true
Year Built 1929
Annual Tax Amount $24,808
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 100.14X72.64
Source Realcomp
Property Description
INVESTMENT OPPORTUNITY – MIXED-USE BUILDING PRIME MIXED-USE INVESTMENT OPPORTUNITY FEATURING 20 TOTAL UNITS, INCLUDING 18 RESIDENTIAL UNITS (4 STUDIOS, 12 ONE-BEDROOMS, 2 TWO-BEDROOMS) AND 2 COMMERCIAL SPACES. ALL RESIDENTIAL UNITS INCLUDE 1 BATHROOM, OFFERING A STRONG AND VERSATILE RENTAL MIX.POSITIONED DIRECTLY ACROSS FROM GROSSE POINTE, THIS PROPERTY OFFERS THE ADVANTAGE OF GROSSE POINTE PROXIMITY WITH DETROIT PRICING, MAKING IT HIGHLY ATTRACTIVE FOR BOTH RESIDENTIAL TENANTS AND COMMERCIAL USERS SEEKING STRONG SURROUNDING DEMOGRAPHICS AND FOOT TRAFFIC.THE BUILDING IS THOUGHTFULLY CONFIGURED:GARDEN/BASEMENT LEVEL: 2 ONE-BEDROOM UNITS, 2 COMMERCIAL UNITS.FIRST & SECOND FLOORS: EACH FLOOR FEATURES A MIX OF STUDIOS, ONE-BEDROOM, AND TWO-BEDROOM UNITS WITH EFFICIENT LAYOUTS RANGING APPROXIMATELY 435–599 SQ FT, PLUS SHARED COMMON AREAS. SECOND FLOOR MIRRORS THE FIRST.WALKABLE TO EVERYDAY CONVENIENCES INCLUDING ALDI, DOLLAR TREE, HUNTINGTON BANK, PUBLIC TRANSPORTATION, AND NEARBY RESTAURANTS AND RETAIL.JUST A 5-MINUTE DRIVE TO BEAUMONT HOSPITAL, TRADER JOE'S, AND STARBUCKS.QUICK ACCESS TO CHICK-FIL-A AND CHIPOTLE MEXICAN GRILL ALONG MACK AVE, AND APPROXIMATELY 15 MINUTES TO LITTLE CAESARS ARENA AND DOWNTOWN DETROIT.DEVELOPMENT ADVANTAGE: ARCHITECTURAL DRAWINGS APPROVED – SHOVEL READY FOR DEVELOPMENTADDITIONAL HIGHLIGHTS:NO KNOWN SPECIAL ASSESSMENTS NO KNOWN ENCROACHMENTS ON-STREET PARKING WITH REAR ALLEY ACCESSINVESTMENT & VALUE-ADD POTENTIAL:PROPERTY PRESENTS STRONG UPSIDE WITH THE ABILITY TO STABILIZE RENTS AND MAXIMIZE INCOME. MAY QUALIFY FOR MULTIPLE INCENTIVE PROGRAMS, INCLUDING: BROWNFIELD TIF, OPRA, PILOT PROGRAMS, SBA FINANCING (COMMERCIAL), POTENTIAL 4% LIHTC (LOW-INCOME HOUSING TAX CREDIT) ELIGIBILITY.SELLER MAY BE OPEN TO LAND CONTRACT TERMS.EXCELLENT OPPORTUNITY FOR INVESTORS SEEKING A VALUE-ADD MIXED-USE ASSET IN A HIGH-DEMAND, HIGH-VISIBILITY CORRIDOR WITH LONG-TERM GROWTH POTENTIAL. BATVAI
Location
State MI
County Wayne
Area Wayne County - 100
Zoning COMMERCIAL,MULTI-FAMILY,M
Direction PROPERTY LOCATED ON THE RIGHT OF MACK AVE, BETWEEN WAYBURN ST AND NOTTINGHAM RD.
Interior
Heating Radiant, Steam
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I001422S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Golden Key Realty Group LLC
NEARBY SCHOOL & BUSINESS
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