4847 Baldwin Street, Detroit, Michigan 48214

$549,900

Property Details

MLS#: 20261004246
Bedrooms: N/A
Bathrooms: 28
Square Feet: 15,837
Price per Sqft: $35
Lot Size: 0.17 acres
Year Built: 1925
Property Type: ResidentialIncome
Status: Active
Days on Market: 35

Description

Located at 4847 Baldwin Street, Detroit, MI, just north of The Villages neighborhood, The Balren apartment is a four-story brick apartment building offering a strong value-add investment opportunity with close proximity to Downtown Detroit and convenient access to all major highways. Built in 1925, the property had undergone renovations and has the potential to generate over $300,000 in gross annual income once stabilized. Previously approved and permitted improvements through BSEED include in-wall and underground plumbing, mechanical and electrical upgrades, newly installed split HVAC units, and new framing completed in 13 of the 26 units. The building features a total of 26 apartments consisting of 6 studios, 18 one-bedroom units, and 2 two-bedroom units, with projected monthly rents ranging from $1,250 to $1,500. A previously constructed basement laundry room with a new concrete slab is in place.

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 4847 Baldwin Street?

4847 Baldwin Street is listed at $549,900, or $35 per square foot.

How many bedrooms does 4847 Baldwin Street have?

This property has N/A bedrooms and 28 bathrooms, with 15,837 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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