




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
48
73
Schools
4/10
3/10
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
