$900,000
Detroit, MI 48208
MLS# 24029554
1 / 42
Property Description
Great investment opportunity! Newly updated 20 unit occupied apartment building with leases in place in a convenient location. Find your way downtown in less 10 minutes or to midtown in just 5 minutes!The building comes with ample parking in an attached concrete lot directly next to building. The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are 10 one bedroom units and 10 studio units. The majority of all units have newer flooring, paint, and lighting. All unit doors have are equipped steel doors with keyless/digital entry as well as deadbolt locks. All units have their own electric meter along with heating and cooling units. Each unit is separately metered. All tenant pay thier own electric bills. All one bedroom units have new
Details
Maps
Location & Property Info
Cross Streets: S of I96 N of I94
Property Sub-Type: 5+ Units
Area: Wayne County - 100
Municipality: Detroit City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 45.00X140.00
Road Frontage: 20
Waterfront: No
Basement: Yes
Total # Units: 20
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 12
School District: Detroit
Lot Measurement: Acres
Lot Square Footage: 6534
Lot Acres: 0.15
Year Built: 1927
Tax Info
Taxable Value: 147487
SEV: 289400
For Tax Year: 2023
Seller's Annual Property Tax: 12844
Tax Year: 2023
Homestead %: 0
Spec Assessment & Ty: none
Tax ID #: 12009873.
Remarks & Misc
Public Remarks: Great investment opportunity! Newly updated 20 unit occupied apartment building with leases in place in a convenient location. Find your way downtown in less 10 minutes or to midtown in just 5 minutes!The building comes with ample parking in an attached concrete lot directly next to building. The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are 10 one bedroom units and 10 studio units. The majority of all units have newer flooring, paint, and lighting. All unit doors have are equipped steel doors with keyless/digital entry as well as deadbolt locks. All units have their own electric meter along with heating and cooling units. Each unit is separately metered. All tenant pay thier own electric bills. All one bedroom units have new
Legal: S SCOVEL PLACE 5 E 1/2 4 MC LAUGHLINS SUB L22 P53 PLATS, W C R 12/106 45 X 140.18
Waterfront Options
Water Access Y/N: No
Street Type
Paved: 1
Util Avail at Street
Natural Gas Available: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
None: 1
Exterior Material
Brick: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Radiant: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Substructure
Full: 1
Owner Pays
Trash Collection: 1
Unit 1
Unit Description: Studio
Identical Units: 10
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 1 Bed
Identical Units: 10
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Wayne
Street #: 3737
Street Name: Scovel
Suffix: Place
State: MI
Zip Code: 48208
OfficeContract Info
Status: Active
Current Price: $900,000
List Price: $900,000
Listing Date: 2024-06-07
Remarks Misc
Directions: From the I-96 go west on West Grand Blvd, turn south on Scovel Place, the property is one the right side of the street
Property Features
Laundry Features: None
Exterior Material: Brick
Roofing: Rubber
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Natural Gas Available
Owner Pays: Trash Collection
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Radiant
Street Type: Paved
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Supplements
furnaces and AC units. Each studio units have new mini-split systems that have heat and AC. The majority of the plumbing stacks have been replaced. The front door has new hinges and locking mechanism, the back door is an all new steel door. The roof was aluminum seal coated in 2016. The hot water tank was replaced for the entire building in 2016. The entire Building has newer windows. All common areas have new LED light fixtures. A new camera system has been installed throughout the entire building and outside.
Listing Office: Golden Key Real Estate LLC
Listing Agent: Ryan Heward
Last Updated: March - 24 - 2026
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