Share this with your friends
+15868545396
Community Choice Realty
7403 Midland Street, Detroit, MI 48238
- $350,000
- 8
- BA
- 6,014
- SqFt
- Sold Price
- $350,000
- List Price
- $350,000
- Status
- CLOSED
- MLS#
- 60944412
- Days on Market
- 124
- Year Built
- 1928
- Closing Date
- Mar 31, 2026
- Bathrooms
- 8
- Acres
- 0.11
- Living Area
- 6,014
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- Mulberry Hill 1
Property Description
Land Contract terms now available! Remarkable 8-Unit Investment Opportunity in the Fitzgerald/Marygrove Neighborhood! Discover this rare multi-family property just steps from the University of Detroit Mercy and less than a mile from the Avenue of Fashion. Each of the eight units features two bedrooms and one bathroom, providing strong rental potential in one of Detroit's most sought-after and revitalizing areas. The building features a newer roof, new electrical and plumbing systems, some recessed lighting already installed, as well as common area fixtures, newer bathrooms in most of the units, and kitchen renovations already started with new flooring - so much of the heavy lifting has already been completed. Each unit is separately metered for gas and electricity, allowing residents to pay their own utilities. To complete the project, only HVAC systems, hot water tanks, and cosmetic finishes remain. Once completed, this property is projected to generate an estimated 20%+ cap rate(at $1200/month rents), making it an outstanding income-producing investment. Located near Marygrove Conservancy, Ella Fitzgerald Park, and the Livernois-McNichols corridor, the neighborhood continues to benefit from major reinvestment through new streetscapes, parks, and local business development. Residents enjoy easy access to major freeways, shopping, dining, nightlife, and entertainment, with quick commutes to Downtown Detroit, Midtown, and nearby employment centers. All measurements and data are estimated.
Additional Information
- Lot Dimensions
- 35 x 130
- Heating
- Forced Air
- Basement
- Yes
- Basement Description
- Block
- Foundation
- Basement
- Water
- Public
- School District
- Detroit City School District
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing Courtesy of S&P Realty, Office Phone: 734-333-7219
Selling Office: LPS.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.