525 W Lafayette - Fort Shelby 2-condo Package
Unique Tax Abated "Condo Duo" Detroit CBD
Marketing description
Exceptional investment opportunity in the Fort Shelby Residences, a landmark Albert Kahn tower located above the Hilton DoubleTree Hotel in the heart of downtown Detroit.
This package of two high-floor condos (just below the penthouse level) offers strong existing cash flow with both units leased through July 2026. Owners and tenants enjoy full access to hotel-style amenities—lobby reception, café, restaurant and bar, business center, and fitness facilities—while maintaining the privacy of separate residential floors.
Investment highlights
Key investment highlights
📍 Prime CBD location surrounded by major redevelopment: Cambria Hotel, Water Square Apartments, and the new Ralph C. Wilson Jr. Park
🏢 High-floor units with premium city views
💰 Excellent cash flow; fully leased through 2026
🧾 Ultra-low taxes (< $3,000 per unit per year) under NEZ-Rehab abatement through 2032
🏡 No HOA restrictions on leasing (long-term only; STR not permitted)
💎 Strong appreciation potential as West Downtown expands
🔁 Flexible exit: units can be sold individually for maximum return
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