4417 2ND AVENUE
Detroit, MI 48201
84505 sqft | 119.5 baths | #20250003563
Description
For Sale By Court Appointed Receiver. 121 Total Units between two multifamily properties.
Sheridan Court – Four (4) story 66,600 +/- square foot midrise multifamily building that was built in 1919. The property is comprised of 16 studios, 70 -1BR/1BA and 4 -2BR/1BA, with three (3) commercial units and is zoned SD2-special development district. Upgrades include a new boiler, new fire exit doors, interior LED lighting and landscaping.
4417 2nd Ave, Detroit, MI 48201
The Wellesley – Three (3) story 17,905 +/- square foot midrise multifamily building that was built in 1930. The property is comprised of 14 studios and 14 – 1BR/1BA and is zoned R5- medium density residential district. Upgrades include a newer boiler, landscaping and a new roof.
651 W Hancock Street, Detroit, MI 48201
Close Proximity to the Lodge Freeway, Wayne State University, Detroit Institute of Ats, Detroit Historical Museum, Michigan Science Museum and several shops/restaurants.
Property includes a NEZ tax abatement that will expire in December 2033 which can save $400k per year.
All offers considered.
Property Details
- PetsCatsOk, DogsOk
- Parcel NumberW23I002019S147
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$12,499,000
- MLS #20250003563
- Property SubtypeMultiFamily
- MLS #20250003563
- StoriesStory4to10
- Cost12499000
- School DistrictDetroit
- Taxes Annual$80,601
- Utility SourcePublic
- Bathrooms119.5
- Square Feet84505
- CountyWayne
- Year Built1919
- FoundationSlab
- Full Baths118
- Days on Market (Cumulative)97
- Half Baths3
Location
Legal
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Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: James M Galbraith (#127238), Email: mkassab@mshapirorealestate.com
Listing Office: James M Galbraith (#127238)
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