14800 E Vernor Highway, Detroit, MI 48215
14800 E Vernor Highway, Detroit, MI 48215
14800 E Vernor Highway, Detroit, MI 48215
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$700,000
Est. payment /mo
9 Baths
3,049 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20261057305

HOA Y/N true

Year Built 1925

Annual Tax Amount $22,141

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 31.65X100

Source Realcomp

Property Description

9-Unit Brick Asset | East Detroit / Grosse Pointe Park BorderAcquire at a Detroit basis with immediate Grosse Pointe Park demand. Located on a prominent hard corner (Vernor Hwy & Ashland St), this durable 1925 brick building offers a mid-repositioning opportunity with reliable cash flow and clear upside.Key Investment HighlightsFully Occupied: Stable, turn-key income in place today (6 of 9 units are Section 8).Prime Border Location: High visibility, strong traffic counts, and spillover demand from neighboring Grosse Pointe Park.Value-Add Upside: Mid-repositioning asset with significant opportunity to mark rents to market on turnover.Favorable Terms: Located in FEMA Flood Zone X (lower insurance costs, cleaner financing).Strategic Access: Minutes from Mack Ave retail, Alter Rd, and Downtown Detroit.East-side corridor assets this close to the Pointes move quickly.

Location

State MI

County Wayne

Zoning Multi-Family

Direction East Vernor West Of Alter And North Of Kercheval

Interior

Heating Forced Air

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W21I062064S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Black Diamond Realty

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

Name

Name

Phone*

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