14440 Frankfort Street, Detroit, Michigan 48224

$800,000

Property Details

MLS#: 20261026593
Bedrooms: N/A
Bathrooms: 32
Square Feet: 32,934
Price per Sqft: $24
Lot Size: 0.75 acres
Year Built: 1958
Property Type: ResidentialIncome
Status: Active
Days on Market: 29

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

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 14440 Frankfort Street?

14440 Frankfort Street is listed at $800,000, or $24 per square foot.

How many bedrooms does 14440 Frankfort Street have?

This property has N/A bedrooms and 32 bathrooms, with 32,934 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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