14800 E Vernor Hwy, Detroit, MI 48215
- $700,000
- 9
- BA
- 7,000
- SqFt
- List Price
- $700,000
- MLS#
- 20261057305
- Status
- ACTIVE
- Bathrooms
- 9
- Subdivision
- C B SHERRARD SUB
Property Description
9-Unit Brick Asset | East Detroit / Grosse Pointe Park Border Acquire at a Detroit basis with immediate Grosse Pointe Park demand. Located on a prominent hard corner (Vernor Hwy & Ashland St), this durable 1925 brick building offers a mid-repositioning opportunity with reliable cash flow and clear upside. Key Investment Highlights Fully Occupied: Stable, turn-key income in place today (6 of 9 units are Section 8). Prime Border Location: High visibility, strong traffic counts, and spillover demand from neighboring Grosse Pointe Park. Value-Add Upside: Mid-repositioning asset with significant opportunity to mark rents to market on turnover. Favorable Terms: Located in FEMA Flood Zone X (lower insurance costs, cleaner financing). Strategic Access: Minutes from Mack Ave retail, Alter Rd, and Downtown Detroit. East-side corridor assets this close to the Pointes move quickly.
Additional Information
- Year Built
- 1925
- Basement Type
- Partial
- Acres
- 0.07
- Style
- Apartment
- Acres
- 0.07
- School District
- Detroit
- Heating
- Forced Air, Natural Gas
- Garage Description
- On Street
Mortgage Calculator
Courtesy of Black Diamond Realty 3136123277