1197 VIRGINIA PARK Street, Detroit, Michigan 48202

$1,075,000

Property Details

MLS#: 20261017989
Bedrooms: N/A
Bathrooms: 13.5
Square Feet: 16,546
Price per Sqft: $65
Lot Size: 0.32 acres
Year Built: 1916
Property Type: ResidentialIncome
Status: Active
Days on Market: 2

Description

Excellent investment opportunity in Detroit’s desirable Virginia Park neighborhood, located within an Opportunity Zone! This well-maintained 9-unit townhouse-style multifamily property in the New Center area offers strong rental potential and long-term upside. The building features a diverse unit mix including six 2-bedroom units, two spacious 5-bedroom units, and one 4-bedroom unit—ideal for maximizing rental income. All units are currently occupied, providing immediate cash flow. Significant updates include a freshly painted exterior (2025) and brand-new gutters (2025). Multiple units have been remodeled in 2024–2025, enhancing overall appeal and value. Each unit is equipped with central air conditioning, newer furnaces, hot water tanks, and updated appliances, including in-unit washers and dryers. Additional features include semi-finished basements, ADT alarm systems, and an exterior security camera system. Owned and professionally managed for over 20 years, this property reflects consistent care and attention. Conveniently located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways, making it highly attractive to tenants. Turnkey, fully occupied, and positioned in a high-demand area—this is a rare opportunity to add a solid performing asset to your portfolio. 16,546 Est Tot Fin: includes basements each with own baths.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 1197 VIRGINIA PARK Street?

1197 VIRGINIA PARK Street is listed at $1,075,000, or $65 per square foot.

How many bedrooms does 1197 VIRGINIA PARK Street have?

This property has N/A bedrooms and 13.5 bathrooms, with 16,546 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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