If you're searching for an investment property with a value-add opportunity

Look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units and a large studio basement apartment.

There are hardwood floors throughout, updated electrical, which is separate for each unit and updated hot water tank. Annual ncome is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity .

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on 503 Alger St
in Detroit, MI
Presented by ADRENA. HOLMAN at
EXP Realty, LLC.


Property MLS #20240007747 from Realcomp

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+ Bedrooms

Bedrooms: 16

+ Bathrooms

Total Bathrooms: 9.00
Full Bathrooms: 9

+ Heating and Cooling

Heating Features: Radiant
Heating Fuel: Natural Gas

+ Other Rooms

Basement Description: Unfinished

+ Exterior and Lot Features

Frontage Length: 70
Road Frontage Type: Paved
Porch Description: Porch

+ Land Info

Lot Size Acres: 0.18
Lot Size Dimensions: 70 x 113
Lot Size Square Feet: 7840

+ Rental Info

Gross Scheduled Income: 136800.00

+ Multi-Unit Info

Number of Units: 9
Number of Studio Units: 1
Number of 2 Bedroom Units: 8

+ School Information

School District: Detroit
+ Display Complete School Details

Detroit International Academy For Young Women is a public elementary, middle and high school located approximately 0.4 miles away.
Map directions

New Center Academy is a private elementary, middle and high school located approximately 0.8 miles away.
Map directions

+ Homeowners Association

Pets Allowed: Yes

+ Other Property Info

ActivationDate : 2024-02-09
Annual Tax Amount: 1772
Source Listing Status: Active
County: Wayne
Directions: Alger and Beaubian
Source Property Type: Multifamily
Area: Det: Livernois-I75 6-Gd River
Source Neighborhood: BEAMER & FRAERS SUB (PLATS)
Ownership Type: Short Sale - No, Private Owned
Parcel Number: W03I002322S
Postal Code Plus 4: 2163
Subdivision: BEAMER & FRAERS SUB (PLATS)
Zoning: Multi-Family
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-04-10
$585,000
Realcomp

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Listed 2024-02-09
$720,000
Realcomp

+ Building and Construction

Total Square Feet Living: 7588
Year Built: 1918
Construction Materials: Brick
Foundation Details: Basement
Property Age: 106
Levels or Stories: 3 Story
House Style: 3 Story
Total Area Lower: 4000
Total Area Sqft: 11588
Total Below Grade Area: 7588
Year Remodeled: 1918
Architectural Style: Colonial

+ Utilities

Sewer: Public Sewer (Sewer-Sanitary)
Water Source: Public (Municipal)