12170 Dexter Ave

Detroit MI 48206

37143 sq. ft.

0.22 ac.

Multi-Family

Currently for sale - view listing

Overview

Opportunity to restore one of the last large elevator multifamily buildings in Detroit. Historic 33 unit with built out storefronts in the rapidly developing Dexter Corridor. Recently awarded over 30 million in grants this area surrounds Historic Russell Woods and is currently undergoing a massive street scape and infrastructure revitalization. The 27.5 mile Joe Louis Greenway will run through the Dexter Linwood corridor spurring additional retail and mixed use development for years to come. EV Charging stations, new water lines, extensive landscaping and areas for pedestrian walkways and retail currently in progress. Minutes away from New Center, The Fisher, Henry Ford Hospital and Police Headquarters, fifteen minutes from the Downtown Riverfront and Ferndale and Royal Oak to the north. 26 one bedroom apartments, six two bedrooms and a Super's unit on the garden level. This building was built for luxury and elegance with detailed marble and tile work that can be saved. This building is a FULL Rehab but even with moderate finishes and upgrades this building will be highly rentable at market rates, especially recent grads and relocations moving to Detroit for work and priced out of downtown and the suburbs. Here is a chance to make your mark on the city everyone is watching and get established before the area is priced out. THERE ARE NO UTILITIES AND THEY WILL NOT BE TURNED ON- NO ENVIRONMENTAL REPORTS-FLOORPLANS OR ADDITIONAL INFORMATION IS AVAILABLE - LISTING AGENT HAS NO KNOWLEDGE OF LAST OCCUPANCY DATE OR AVAILABLE GOVERNMENT INCENTIVE PROGRAMS- ONLY FULL PRICE CASH OFFERS WITH NO CONTINGENCIES WILL BE CONSIDERED -NO SELLER FINANCING - STOP COMPLAINING, ASKING THE SAME QUESTIONS HOPING FOR A DIFFERENT RESPONSE, COMMIT AND GET TO WORK BECAUSE THIS IS A TROPHY THAT IS WORTH THE EFFORT AND WAIT FOR THE RETURN. YES -IF I COULD FIND A WAY I WOULD DEVELOP IT MYSELF THAT'S HOW MUCH I BELIEVE IN IT.