525 Lafayette Boulevard, Detroit, Michigan 48226

$690,000

Property Details

  • MLS#: 20261009241
  • Bedrooms: N/A
  • Bathrooms: 3
  • Square Feet: 2,209
  • Price per Sqft: $312
  • Lot Size: N/A
  • Year Built: 1927
  • Property Type: ResidentialIncome
  • Status: Active
  • Days on Market: 217

Tax and Assessment Information

Assessment evidence unavailable.

Description

Exceptional investment opportunity in the Fort Shelby Residences, located in the heart of Detroit’s Central Business District. This offering includes two high-floor condos situated just below the penthouse level. Both units are fully leased through July 2026, providing immediate and reliable cash flow. Residents benefit from the amenities of the Hilton DoubleTree Hotel located below the residences, including lobby reception, coffee shop, restaurant and bar, business and reception center, and fitness room. The residential floors sit above the hotel in the historic Albert Kahn tower, offering additional privacy. These units enjoy extremely low property taxes—less than $3,000 per unit per year—thanks to the NEZ-Rehab tax abatement in place through 2032. The HOA does not restrict long-term leasing; short-term rentals are not permitted. With continued development throughout West Downtown, including the Cambria Hotel, Water Square Apartments at the former Joe Louis site, and the Ralph C. Wilson Jr. Centennial Park, these condos are well-positioned for appreciation. As individual condominium units, they may also be sold separately in the future to maximize resale value.

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 525 Lafayette Boulevard?

525 Lafayette Boulevard is listed at $690,000, or $312 per square foot.

How many bedrooms does 525 Lafayette Boulevard have?

This property has N/A bedrooms and 3 bathrooms, with 2,209 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) 484-4696

Email: [email protected]

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