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1473 Taylor St, Detroit, MI, 48206

12beds
6baths
3,220sqft
$89,900
$28price/sqft
$1,131/moest. monthly cost
$45,240/yrincome needed

About This Home

**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space. The property does require a full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING.

Getting Around

35
WalkingCar-Dependent
48
TransitSome Transit
55
BikeBikeable

Schools

4/10
4/10
Northwestern High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1916

Materials

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

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Walk Out Access

Bedrooms & Bathrooms

  • Bedrooms: 12
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Finished area above ground: 3,220

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 3,220 sqft

Property

Details

  • Parcel number: W06I002186S
  • Zoning description: MultiFamily
  • Special condition: Short Sale No,Standard

Features

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

Lot

  • Lot size: 6,969 sqft
  • Lot size dimensions: 54.00 x 127.00