16
See all 16 photos
$800,000
Est. payment /mo
32,934 SqFt
New
14440 Frankfort Street Detroit, MI 48224
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 32,934 sqft
Price per Sqft $24
MLS Listing ID 20261040893
Year Built 1958
Annual Tax Amount $58,087
Lot Size 0.750 Acres
Acres 0.75
Lot Dimensions 230X143
Source Realcomp
Property Description
32-unit apartment building with strong value add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Location
State MI
County Wayne
Zoning Commercial,Multi-Family
Direction North Of E Warren Ave, East Of Chalmers
Rooms
Basement Basement
Interior
Heating Hot Water
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I003112S
Listed by Match Realty
NEARBY SCHOOL & BUSINESS
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