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900 E Grand Boulevard, Detroit, MI 48207

Local realty services provided by:CENTURY 21 Affiliated
900 E Grand Boulevard,Detroit, MI 48207
$425,000
  • - Beds
  • 5 Baths
  • 6,534 sq. ft.
  • Multi-family
  • Active
Listed by:
MLS#:20251047064
Source:MI_REALCOMP

Price summary

  • Price:$425,000
  • Price per sq. ft.:$65.04

About this home

5 Unit Apartment building!! 100% Occupied Exceptional income-producing opportunity in Detroit's revitalizing Islandview and West Village corridor. This fully occupied 5-unit multifamily building generates $62,400 in annual gross rental income. The property consists of four spacious 2-bedroom units, each approximately 1,200 square feet, and leased at $1,000 per month, along with one large 3-bedroom unit of 1,700 square feet leased at $1,200 per month. The landlord pays only for water, while tenants cover gas and electricity, keeping expenses low and returns strong. Current rents remain below market, providing a significant opportunity to increase income as the Detroit rental market continues to strengthen. With a cap rate of 8.3% and potential growth up to 10%, this property offers impressive performance and long-term upside. Situated in a vibrant neighborhood near Sonora Missionary Baptist Church, the Detroit Waldorf School, and the Butzel Family Recreation Center,

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Home facts

  • Year built:1905
  • Listing ID #:20251047064
  • Added:44 day(s) ago
  • Updated:December 18, 2025 at 10:55 AM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:6,534 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Window Units
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1905
  • Building area:6,534 sq. ft.
  • Lot area:0.29 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Price per sq. ft.:$65.04
  • Tax amount:$5,510
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