$374,900
Detroit, MI 48209
MLS# 26003270
Status: Active Contingent
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Property Description
Prime Southwest Detroit Investment Opportunity! This fully occupied 4-unit brick multifamily building offers strong, consistent rental income with a desirable mix of spacious 2- and 3-bedroom units. Each unit features both front and rear private entrances, adding convenience and tenant appeal, along with shared basement space for additional storage and functionality. Recent capital improvements include a newer roof, updated windows, and select mechanical upgrades, providing peace of mind and reduced maintenance costs for the next owner. The sale also includes the adjacent lot, offering ample off-street parking in addition to street parking—an exceptional value-add in this area. Located in Southwest Detroit, this property benefits from strong rental demand, proximity to major thoroughfares, local dining, shopping, and employment hubs. Ideal for both seasoned investors and those expanding their multifamily portfolio, this income-producing asset delivers immediate cash flow.
Details
Maps
Location & Property Info
Cross Streets: Waterman and Lafayette
Property Sub-Type: 2 to 4 Units
Municipality: Detroit City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 40x157
Road Frontage: 40
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 6
School District: Detroit
Lot Measurement: Acres
Lot Square Footage: 6098
Lot Acres: 0.14
Year Built: 1925
Tax Info
Taxable Value: 7547
SEV: 76600
For Tax Year: 2025
Seller's Annual Property Tax: 7547
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: no
Tax ID #: 18008121.
Remarks & Misc
Public Remarks: Prime Southwest Detroit Investment Opportunity! This fully occupied 4-unit brick multifamily building offers strong, consistent rental income with a desirable mix of spacious 2- and 3-bedroom units. Each unit features both front and rear private entrances, adding convenience and tenant appeal, along with shared basement space for additional storage and functionality.
Recent capital improvements include a newer roof, updated windows, and select mechanical upgrades, providing peace of mind and reduced maintenance costs for the next owner. The sale also includes the adjacent lot, offering ample off-street parking in addition to street parking—an exceptional value-add in this area.
Located in Southwest Detroit, this property benefits from strong rental demand, proximity to major thoroughfares, local dining, shopping, and employment hubs. Ideal for both seasoned investors and those expanding their multifamily portfolio, this income-producing asset delivers immediate cash flow.
Legal: E WATERMAN 15 S 10 FT 14 KAIERS SUB L28 P78 PLATS, W C R 18/265 40 X 157.50
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Land Contract: 1
Laundry Features
In Basement: 1
Exterior Material
Brick: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Sewer: 1
Water: 1
Substructure
Full: 1
Owner Pays
Trash Collection: 1
Unit 1
Unit #: 1
Unit Description: Lower left
Occupied: Yes
Monthly Rent: 1100
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Lower right
Occupied: Yes
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: Upper left
Occupied: Yes
Monthly Rent: 1100
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: Upper right
Occupied: Yes
Monthly Rent: 950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Wayne
Street #: 1094
Street Name: Waterman
Suffix: Street
State: MI
Zip Code: 48209
Zip (4): 4522
OfficeContract Info
Status: Active Contingent
Current Price: $374,900
List Price: $374,900
Listing Date: 2026-01-28
Property Features
Laundry Features: In Basement
Exterior Material: Brick
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water
Owner Pays: Trash Collection
Tenant Pays: Electric; Gas; Sewer; Water
Heat Source: Natural Gas
Heat Type: Forced Air
Street Type: Paved; Public
Terms Available: Cash; Conventional; Land Contract
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: @properties Christie's Int'l
Listing Agent: Randi Brandt-Alves
Last Updated: March - 05 - 2026
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