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31141230
31141231

5764 Woodward Ave, Detroit, MI 48202

SW
MI 6501404147
O'Connor Real Estate
O'Connor Real Estate
Listed by O'Connor Real Estate
$1,250,000
88 days on market
Updated 67 days ago
Opportunity zone

A fully renovated six-unit apartment building in Midtown

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,600
Units 6
Price per SqFt $108
Broker Co-Op Yes
Class B
Year Built 1905
Year Renovated 2020
Buildings 1
Stories 3

A fully renovated six-unit apartment building in Midtown

Marketing description

Fully renovated six- unit apartment building in Detroit’s Cultural District of Midtown. Each unit offers three bedrooms and two bathrooms. The property underwent a comprehensive renovation in 2020, including interior upgrades, mechanical system improvements, and façade restoration. Additional value-add opportunities include completing the one-bedroom garden-level unit and securing a market-rate lease for the billboard. A 15-year NEZ tax abatement took effect in December 2021.

Investment highlights

Neighbors

Detroit Institute of Arts, Detroit Public Library, Museum of Contemporary Art Detroit, Wayne State University, College for Creative Studies, Detroit Symphony Orchestra, The Fisher Building & Fisher Theatre, Little Caesars Arena, Whole Foods Market, Third Man Records, Shinola Detroit, City Bird & Nest, Detroit Shipping Company, Selden Standard, Grey Ghost Detroit, SheWolf Pastificio & Bar, The Whitney.

Features

  • Extensive 2019 Renovation - Full gut renovation with over $100,000 invested per unit.

  • New Building Systems - All-new electrical, plumbing, HVAC, and roof replacement.

  • High-End Interior Finishes - Modern kitchens with updated cabinetry and appliances, plus renovated bathrooms.

  • Exterior & Structural Improvements - New windows, façade restoration, and a fully updated elevator.

Listing Contacts

SW
MI 6501404147
O'Connor Real Estate
O'Connor Real Estate
Listed by O'Connor Real Estate

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Additional Information

Name
Sloane Walsh
License
6501404147
Brokerage
O'Connor Real Estate
Brokerage Address
2122 Michigan Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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