$489,000
Detroit, MI 48204
MLS# 26002888
1 / 37
Property Description
Solid brick four-unit property offering strong income potential with minimal remaining work needed before occupancy. Ideal for investors seeking a value-add or near-stabilized asset in an appreciating area. Each unit offers functional layouts with updated mechanicals and improvements already completed, allowing a new owner to finish and lease quickly. Projected rents support strong cash flow once stabilized. Adjacent vacant lot included in the sale, providing added value and future flexibility for parking, expansion, or additional development. Conveniently located near major thoroughfares, public transit, and minutes from Downtown Detroit, New Center, Midtown, Henry Ford Hospital, the Lodge Freeway, and I-96. Close to shopping, dining, and neighborhood redevelopment. Perfect for buy-and-hold investors, portfolio builders, or 1031 exchange buyers seeking upside in a high-demand rental market.
Details
Maps
Location Property Info
County: Wayne
Street #: 9702
Street Name: Dundee
Suffix: Street
State: MI
Zip Code: 48204
Area: Wayne County - 100
OfficeContract Info
Status: Active
Current Price: $489,000
List Price: $489,000
Listing Date: 2026-01-23
General Property Info
Lot Measurement: Acres
Lot Square Footage: 4792
Lot Acres: 0.11
Lot Dimensions: 40x120
Year Built: 1923
New Construction: No
Road Frontage: 40
Total # Units: 4
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Waterfront: No
School District: Detroit
Tax Info
Tax ID #: 16005231.
Taxable Value: 19725
SEV: 35500
For Tax Year: 2025
Seller's Annual Property Tax: 3740
Tax Year: 2025
Spec Assessment & Ty: 29,700
Access Feat
Accessibility Features: No
Unit 1
Unit Description: 9702 #1
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 9702 #2
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 9704 #1
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 9704 #2
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: In Basement
Exterior Material: Brick
Roofing: Composition
Substructure: Full
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Public Sewer; Public Water
Owner Pays: Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: SIM Realty Group, LLC
Listing Agent: Sherita Moorer
Last Updated: January - 24 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. 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.