900 Grand Boulevard, Detroit, Michigan 48207

$395,000

Property Details

MLS#: 20251047064
Bedrooms: N/A
Bathrooms: 5
Square Feet: 6,534
Price per Sqft: $60
Lot Size: 0.29 acres
Year Built: 1905
Property Type: ResidentialIncome
Status: Active
Days on Market: 112

Description

5 Unit Apartment building!! 100% Occupied Exceptional income-producing opportunity in Detroit’s revitalizing Islandview and West Village corridor. This fully occupied 5-unit multifamily building generates $62,400 in annual gross rental income. The property consists of four spacious 2-bedroom units, each approximately 1,200 square feet, and leased at $1,000 per month, along with one large 3-bedroom unit of 1,700 square feet leased at $1,200 per month. The landlord pays only for water, while tenants cover gas and electricity, keeping expenses low and returns strong. Current rents remain below market, providing a significant opportunity to increase income as the Detroit rental market continues to strengthen. With a cap rate of 8.3% and potential growth up to 10%, this property offers impressive performance and long-term upside. Situated in a vibrant neighborhood near Sonora Missionary Baptist Church, the Detroit Waldorf School, and the Butzel Family Recreation Center, it’s ideally located for tenants seeking convenience and community. Call today to schedule your private tour and secure your next great investment.

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 900 Grand Boulevard?

900 Grand Boulevard is listed at $395,000, or $60 per square foot.

How many bedrooms does 900 Grand Boulevard have?

This property has N/A bedrooms and 5 bathrooms, with 6,534 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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