14440 Frankfort Street, Detroit, MI, 48224
$800,000
14440 Frankfort Street, Detroit, MI 48224
32,934 sqft
Building Size
0.75 acres
Lot Area
Details:
Highlights:
- Annual Tax: $ 48403.0
- Garage Description: No Garage
Description:
32 unit apartment building with strong value add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Listing ID: e12508f9-2b5d-403e-99fb-11d26fdbb26c
Location
Gallery
