USAMIDetroitMore Than One Subdivision Involved8525 Maxwell St
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$550,000

8525 Maxwell St, Detroit, MI

Real Estate

For Sale

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0140
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 8036 sqft
Garage No
Taxes $30,249
Days Active 0
Lot Size 
Approx. Age 1927
Avg. Price Per Sqft $68
MLS® Number 20251028912

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Opportunity awaits with this solid brick 14-unit multifamily building located on Detroit’s east side. The property was recently foreclosed on by a hard money lender and is being sold as-is. 14 units, two story brick, currently tenant-occupied (lease/rent roll status unknown). Buyer should expect potential evictions or tenant turnover after purchase. Strong rental demand in the area with upside for stabilized cash flow after repositioning. Close to major freeways, local schools, and neighborhood redevelopment activity. This is a value-add investment opportunity for an experienced investor or property manager who can stabilize the building and maximize its long-term potential.Show Description
MLS® Number20251028912
Laundry Level
Central VacNo
FireplaceNo
Acreage0.27
Exterior
GarageNo
Approx. Age1927
Basement
Driveway
Garage Spaces
HeatNatural Gas, Steam
A/C
Heating Fuel

Extras

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