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710 Virginia Park St
Detroit, MI 48202
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- 5 of 7 Unit Occupied
- Value Add opportunity to increase rents and decrease expenses by enrolling property in Detroit PILOT Program
EXECUTIVE SUMMARY
Excellent Investment Opportunity in Detroit’s Virginia Park District! This is an exceptional income-producing 7 Unit multi-family property located in the historic Virginia Park district of Detroit. This two-story building offers seven rentable units in a variety of layouts including three bedroom, two-bedroom, one-bedroom, and studio apartments ideal for maximizing occupancy and rental income. Many units feature modern updates such as new flooring, countertops, and appliances, while an on-site laundry facility adds extra convenience for tenants. Situated in the Virginia Park Historic District (listed on the National Register of Historic Places in 1982), this property enjoys a prime location near Woodward Avenue and the Q-Line, providing easy access to New Center, Midtown, and downtown Detroit. Whether you’re an experienced investor or just entering the Detroit market, this property offers the perfect blend of historic charm, steady income potential, and unbeatable location!
New Detroit PILOT program available for an immediate value add opportunity to substantially reduce property taxes and increase NOI! Inquire for more info!
New Detroit PILOT program available for an immediate value add opportunity to substantially reduce property taxes and increase NOI! Inquire for more info!
PROPERTY FACTS
| Price Per Unit | $118,653 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| No. Units | 7 | Building Size | 5,150 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1911 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3 | ||
| Price Per Unit | $118,653 CAD |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 5,150 SF |
| No. Stories | 2 |
| Year Built | 1911 |
| Opportunity Zone |
Yes |
| Zoning | R3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 3 | - | - |
| Studios | 1 | - | - |
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