$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
Cross Streets: Grand River and Livernois
Property Sub-Type: 2 to 4 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: 40x120
Road Frontage: 40
Waterfront: No
Basement: Yes
Total # Units: 4
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Total Parking Spaces: 0
School District: Detroit
Lot Measurement: Acres
Lot Square Footage: 4792
Lot Acres: 0.11
Year Built: 1923
Tax Info
Taxable Value: 19725
SEV: 35500
For Tax Year: 2025
Seller's Annual Property Tax: 3740
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: 29,700
Tax ID #: 16005231.
Remarks & Misc
Public Remarks: 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.
Legal: S DUNDEE 294 NARDIN PARK SUB L26 P96 PLATS, W C R 16/191 40 X 120
Lot Description
Sidewalk: 1
Util Avail at Street
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
Laundry Features
In Basement: 1
Exterior Material
Brick: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Substructure
Full: 1
Owner Pays
Water: 1
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
Possession
Close Of Escrow: 1
Location Property Info
County: Wayne
Street #: 9702
Street Name: Dundee
Suffix: Street
State: MI
Zip Code: 48204
OfficeContract Info
Status: Active
Current Price: $489,000
List Price: $489,000
Listing Date: 2026-01-23
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: March - 24 - 2026
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