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$ 12,499,000
Est. payment /mo
Active
4417 2ND Avenue Detroit, MI 48201
121 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250003563
Originating Board Realcomp
Year Built 1919
Annual Tax Amount $80,601
Lot Dimensions 100 x 190
Property Description
For Sale By Court Appointed Receiver. 121 Total Units between two multifamily properties.Sheridan Court – Four (4) story 66,600 +/- square foot midrise multifamily building that was built in 1919. The property is comprised of 16 studios, 70 -1BR/1BA and 4 -2BR/1BA, with three (3) commercial units and is zoned SD2-special development district. Upgrades include a new boiler, new fire exit doors, interior LED lighting and landscaping. 4417 2nd Ave, Detroit, MI 48201The Wellesley – Three (3) story 17,905 +/- square foot midrise multifamily building that was built in 1930. The property is comprised of 14 studios and 14 – 1BR/1BA and is zoned R5- medium density residential district. Upgrades include a newer boiler, landscaping and a new roof. 651 W Hancock Street, Detroit, MI 48201Close Proximity to the Lodge Freeway, Wayne State University, Detroit Institute of Ats, Detroit Historical Museum, Michigan Science Museum and several shops/restaurants.Property includes a NEZ tax abatement that will expire in December 2033 which can save $400k per year. All offers considered.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial,Multi-Family
Direction North of Canfield Street, west side of 2nd Avenue
Rooms
Basement Slab
Interior
Heating Baseboard
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick,Stone
Schools
School District Detroit
Others
Tax ID W23I002019S147
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by James M Galbraith