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710 Virginia Park St 7 Unit Apartment Building $681,464 CAD ($97,352 CAD/Unit) Detroit, MI 48202
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 | $681,464 CAD | Building Class | C |
| Price Per Unit | $97,352 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 5,150 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1911 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3 | ||
| Price | $681,464 CAD |
| Price Per Unit | $97,352 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 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04-001914 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $456,065 CAD |
Property Taxes
Parcel Number
04-001914
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$456,065 CAD
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710 Virginia Park St
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