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525 W Lafayette, Detroit, MI 48226

Detroit
Local realty services provided by:CENTURY 21 Signature Realty
525 W Lafayette,Detroit, MI 48226
$690,000
  • - Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jerome huez, alexander zachary
Office: berkshire hathaway homeservices the loft warehouse
MLS#:60969617
Source:MI_REALSOURCE

Price summary

  • Price:$690,000

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...

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Home facts

  • Year built:1927
  • Listing ID #:60969617
  • Added:75 day(s) ago
  • Updated:April 28, 2026 at 10:18 AM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3

Heating and cooling

  • Cooling:Central A/C, Heat Pump(s)
  • Heating:Heat Pump(s)

Structure and exterior

  • Year built:1927
  • Construction Materials:Brick, Stone
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$690,000
  • Tax amount:$2,179

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