www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
20931147
20931166

1473 Taylor St, Detroit, MI 48206

RK
MI 6501401697
RE/MAX Leading Edge
Listed by RE/MAX Leading Edge
$89,900
513 days on market
Updated 50 days ago
Opportunity zone

1473 Taylor

Details
APN W06I002186S
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,220
Units 6
Pro-Forma Cap Rate 10.80%
Pro-Forma NOI $70,560
Broker Co-Op Yes
Class D
Year Built 1916
Buildings 1
Stories 3
Acreage 0.160
Zoning Multi-Family
Investment Type Redevelopment
Ownership Privately Owned

Multifamily | 6 Units - Redelopment Opportunity

Marketing description

**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space. The property does require a full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING.

BUYER WILL BE REQUIRED TO SIGN A REHAB/REDEVELOPMENT AGREEMENT WITH THE DETROIT LAND BANK - ENTER AT YOUR OWN RISK AND DO NOT ATTEMPT TO WALK IN THE EXTENSION OFF THE BACK AS IT IS NOT STRUCTURALLY SOUND

Listing Contacts

RK
MI 6501401697
RE/MAX Leading Edge
Listed by RE/MAX Leading Edge

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591