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18059 Hoover ST, Detroit, MI 48205

Detroit
Local realty services provided by:CENTURY 21 Signature Realty
18059 Hoover ST,Detroit, MI 48205
$1,000,000
  • 16 Beds
  • 16 Baths
  • 10,590 sq. ft.
  • Multi-family
  • Active
Listed by: justin zehel
Office: keller williams paint creek
MLS#:58050199868
Source:MI_REALCOMP

Price summary

  • Price:$1,000,000
  • Price per sq. ft.:$94.43

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 #:58050199868
  • Added:125 day(s) ago
  • Updated:June 25, 2026 at 10:29 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Full bathrooms:16
  • Living area:10,590 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric, Natural Gas, Other Heating Source, Separate Meters

Structure and exterior

  • Year built:1948
  • Building area:10,590 sq. ft.
  • Lot area:0.46 Acres
  • Foundation Description:Basement
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,000,000
  • Price per sq. ft.:$94.43
  • Tax amount:$26,473
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