503 ALGER Street, Detroit MI, 48202

Under contract

503 ALGER Street

Detroit MI, 48202

$585,000

$77.10 per sqft

Under contract

7,588 sqft

Commercial

Built in 1918

If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.

20240008286

MLSⓇ ID

February 10, 2024

Listed

March 4, 2025

Updated

Interior Features

Total Stories: 3
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Radiant

Exterior/Building Features

Lot Size: 0.18 Acres

School Information

School District: Detroit

Other Property Details

Area Name: Det: Livernois-I75 6-Gd River
Taxes: $1,967
Tax Frequency: Annually
Days on Market: 210
Garage: No
View: No
County: Wayne
Zoning: Multi-Family

Listing History

Date	Event	Price
3/3/2025	Under contract	—
4/10/2024	Price change	$585,000 -19%

Courtesy of EXP Realty LLC

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Elizabeth Tintinalli shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data last updated 11:37 AM UTC, 3/4/2025