$449,900
Est. payment /mo
28 Baths
15,837 SqFt
Pending
4847 Baldwin ST Detroit, MI 48214
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 15,837 sqft
Price per Sqft $28
Subdivision E C Van Husans
MLS Listing ID 20261004246
Style Other
Full Baths 28
Year Built 1925
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type MultiFamily
Property Description
Located at 4847 Baldwin Street, Detroit, MI, just north of The Villages neighborhood, The Balren apartment is a four-story brick apartment building offering a strong value-add investment opportunity with close proximity to Downtown Detroit and convenient access to all major highways. Built in 1925, the property had undergone renovations and has the potential to generate over $300,000 in gross annual income once stabilized. Previously approved and permitted improvements through BSEED include in-wall and underground plumbing, mechanical and electrical upgrades, newly installed split HVAC units, and new framing completed in 13 of the 26 units. The building features a total of 26 apartments consisting of 6 studios, 18 one-bedroom units, and 2 two-bedroom units, with projected monthly rents ranging from $1,250 to $1,500. A previously constructed basement laundry room with a new concrete slab is in place.
Location
State MI
County Wayne
Area Area05052Det6Macki75Conner
Rooms
Basement Full, Unfinished
Interior
Heating Natural Gas, Steam
Fireplace No
Exterior
Exterior Feature Lighting
Pool None
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition RealEstateOwned, ShortSaleNo
Pets Allowed Yes
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Listed by Hussein Farhat of RE/MAX Team 2000
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