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485 E Grand Blvd, Detroit, MI, 48207

--beds
6baths
2,884sqft
$365,000
$127price/sqft
$3,204/moest. monthly cost
$128,160/yrincome needed

About This Home

Incredible investment opportunity in the heart of Island View! This massive multi-unit residence has served as a licensed adult foster care facility for over 50 years and was previously approved for up to 20 residents. The property is currently tenant-occupied with ten long-term residents—many with over a decade of tenancy—who would love to stay. With nine spacious bedrooms, four full bathrooms, and two half baths, the floor plan offers flexibility and scale. Just minutes from Belle Isle, downtown Detroit, and the bustling West Village, this property is perfect for investors seeking cash flow and long-term upside in a rapidly developing neighborhood.

Getting Around

47
WalkingCar-Dependent
48
TransitSome Transit
73
BikeVery Bikeable

Schools

4/10
3/10
Southeastern High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1912

Materials

  • Foundation: Basement,Block
  • Roof: Asphalt
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Colonial
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2

Features

  • Finished area above ground: 2,884

Heating

  • Heating features: Hot Water,Natural Gas

Interior Area

  • Total interior livable area: 2,884 sqft

Property

Details

  • Parcel number: W15I008064S
  • Zoning description: Commercial
  • Special condition: Short Sale No,Standard
  • Exclusions: Exclusion(s) Do Not Exist

Features

  • Levels: Three
  • Stories: 3
  • Pool features: None
  • Patio & porch: Covered,Porch
  • Fencing: Fenced

Lot

  • Lot size: 0.27 Acres
  • Lot size dimensions: 80.00 x 146.00