525 W Lafayette #18E and 19C, Detroit, MI 48226
Local realty services provided by:CENTURY 21 Realty North
525 W Lafayette #18E and 19C,Detroit, MI 48226
$690,000
- 3 Beds
- 3 Baths
- 2,209 sq. ft.
- Condominium
- Active
Listed by: jerome huez, alexander zachary
Office: berkshire hathaway homeservices the loft warehouse
MLS#:60963662
Source:MI_REALSOURCE
Price summary
- Price:$690,000
- Price per sq. ft.:$312.36
- Monthly HOA dues:$1,458
About this home
Exceptional investment opportunity in the Fort Shelby Residences, located in the heart of Detroit's Central Business District. This offering includes two high-floor condos situated just below the penthouse level. Both units are fully leased through July 2026, providing immediate and reliable cash flow. Residents benefit from the amenities of the Hilton DoubleTree Hotel located below the residences, including lobby reception, coffee shop, restaurant and bar, business and reception center, and fitness room. The residential floors sit above the hotel in the historic Albert Kahn tower, offering additional privacy. These units enjoy extremely low property taxes - less than $3,000 per unit per year - thanks to the NEZ-Rehab tax abatement in place through 2032. The HOA does not restrict long-term leasing; short-term rentals are not permitted. With continued development throughout West Downtown, including the Cambria Hotel, Water Square Apartments at the former Joe Louis site, and the Ralph C. Wilson Jr. Centennial Park, these condos are well-positioned for appreciation. As individual condominium units, they may also be sold separately in the future to maximize resale value....
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Home facts
- Year built:1927
- Listing ID #:60963662
- Added:1 day(s) ago
- Updated:March 19, 2026 at 10:23 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:6
- Bedroom Description:Bedroom 1 on Entry Level, Bedroom 2 on Entry Level, Bedroom 3 on Entry Level
- Living area:2,209 sq. ft.
Heating and cooling
- Cooling:Central A/C, Heat Pump(s)
- Heating:Heat Pump(s)
Structure and exterior
- Year built:1927
- Building area:2,209 sq. ft.
- Construction Materials:Brick, Stone
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public Water
Finances and disclosures
- Price:$690,000
- Price per sq. ft.:$312.36
- Tax amount:$2,179
Parking
- Parking description:2 Spaces
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