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18059 Hoover, Detroit, MI 48205

Detroit
Local realty services provided by:CENTURY 21 Signature Realty
18059 Hoover,Detroit, MI 48205
$1,000,000
  • 16 Beds
  • 16 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: justin zehel
Office: keller williams paint creek
MLS#:50199868
Source:MI_REALSOURCE

Price summary

  • Price:$1,000,000

About this home

Calling all investors! 16-unit apartment complex featuring all one-bedroom, one-bath units. Extensively updated with new plumbing, updated electrical, newer windows, and brand-new furnaces. Half the units offer electric baseboard heat, while the others have individual furnaces. Tenants pay gas and electric, keeping operating costs low. Units have been renovated with updated kitchens and baths, new flooring, fresh paint, and stainless steel appliances. 90%+ occupied and generating a strong 12% cap rate. Property has completed Step 1 of the Pilot Program, with seller working toward full approval with two steps remaining. Don’t miss this great investment opportunity!

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Home facts

  • Year built:1948
  • Listing ID #:50199868
  • Added:62 day(s) ago
  • Updated:April 23, 2026 at 10:19 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Full bathrooms:16

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1948
  • Lot area:0.46 Acres
  • Foundation Description:Basement
  • Levels:2 Story

Utilities

  • Water:Public Water
  • Sewer:Public Sanitary

Finances and disclosures

  • Price:$1,000,000
  • Tax amount:$26,473

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