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503 ALGER Street Detroit, MI 48202
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Key Details
Property Type Commercial
Sub Type Apartments,Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 7,588 sqft
Price per Sqft $63
Subdivision Beamer & Fraers Sub (Plats)
MLS Listing ID 20240008286
Sold Date 04/22/25
Bedrooms 8
Year Built 1918
Annual Tax Amount $1,967
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 70 x 113
Property Sub-Type Apartments,Real Estate Only
Source Realcomp II Ltd
Property Description
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.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Direction Alger and Beaubian
Interior
Heating Radiant
Heat Source Natural Gas
Exterior
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 3 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W03I002322S
Ownership Short Sale - No,Private Owned
Assessment Amount $100
Acceptable Financing Cash, Conventional, Warranty Deed
Rebuilt Year 1918
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
Special Listing Condition Full Service
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