6
See all 6 photos
$399,000
Est. payment /mo
8 Baths
7,080 SqFt
New
15080 Greenfield Road Detroit, MI 48227
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,080 sqft
Price per Sqft $56
Subdivision Mi
MLS Listing ID 61007875
Style 2 Story
Full Baths 8
Year Built 1962
Annual Tax Amount $22,548
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 74X109.91
Property Sub-Type Multi-Family
Property Description
Exceptional multifamily investment opportunity! This 8-unit apartment building offers the ideal combination of immediate cash flow and value-add potential. With 5 of the 8 units currently occupied, including Section 8 tenants, the property provides reliable income from day one, while the three vacant units create an opportunity to increase rental revenue and boost overall returns through lease-up and strategic improvements. Convenient access to major freeways, shopping, dining, public transportation, and employment centers, this property is well-positioned to attract and retain tenants. Whether you're looking to expand your portfolio, complete a value-add project, or build long-term wealth through multifamily investing, this asset offers multiple avenues for income growth and appreciation. With strong rental demand in the area and the ability to increase occupancy and maximize cash flow, 15080 Greenfield is an opportunity investors won't want to miss.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Interior
Heating Hot Water
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Match Realty
Nearby Locations
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