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7403 Midland, Detroit, MI 48238

Local realty services provided by:CENTURY 21 Realty North
7403 Midland,Detroit, MI 48238
$350,000
  • - Beds
  • 8 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: shane parker
Office: s&p realty
MLS#:60944412
Source:MI_REALSOURCE

Price summary

  • Price:$350,000

About this home

Land Contract terms now available! Remarkable 8-Unit Investment Opportunity in the Fitzgerald/Marygrove Neighborhood! Discover this rare multi-family property just steps from the University of Detroit Mercy and less than a mile from the Avenue of Fashion. Each of the eight units features two bedrooms and one bathroom, providing strong rental potential in one of Detroit's most sought-after and revitalizing areas. The building features a newer roof, new electrical and plumbing systems, some recessed lighting already installed, as well as common area fixtures, newer bathrooms in most of the units, and kitchen renovations already started with new flooring - so much of the heavy lifting has already been completed. Each unit is separately metered for gas and electricity, allowing residents to pay their own utilities. To complete the project, only HVAC systems, hot water tanks, and cosmetic finishes remain. Once completed, this property is projected to generate an estimated 20%+ cap rate(at

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Home facts

  • Year built:1928
  • Listing ID #:60944412
  • Added:82 day(s) ago
  • Updated:January 01, 2026 at 11:18 AM

Rooms and interior

  • Total bathrooms:8
  • Full bathrooms:8

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1928
  • Lot area:0.11 Acres

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$350,000
  • Tax amount:$8,820

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