Active

503 ALGER Street

Detroit MI, 48202

$585,000


$77.10 per sqft

Active

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

May 9, 2024

Updated

Map

503 ALGER Street
Detroit MI, 48202

Interior Features

Fireplace

No


Cooling

No


Heating

No

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

61


Garage

No


View

No


County

Wayne


Pool

No


Zoning

Multi-Family


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

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.

Provided through IDX through Realcomp II LTD
Originating MLS:
©2024 Realcomp II LTD Shareholders 

Data last updated 6:14 AM UTC, 5/9/2024

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