4847 Baldwin St

Detroit MI 48214

15837 sq. ft.

0.17 ac.

Multi-Family

Currently for sale - view listing

Overview

Located at 4847 Baldwin Street, Detroit, MI, just north of The Villages neighborhood, The Balren apartment is a four-story brick apartment building offering a strong value-add investment opportunity with close proximity to Downtown Detroit and convenient access to all major highways. Built in 1925, the property had undergone renovations and has the potential to generate over $300,000 in gross annual income once stabilized. Previously approved and permitted improvements through BSEED include in-wall and underground plumbing, mechanical and electrical upgrades, newly installed split HVAC units, and new framing completed in 13 of the 26 units. The building features a total of 26 apartments consisting of 6 studios, 18 one-bedroom units, and 2 two-bedroom units, with projected monthly rents ranging from $1,250 to $1,500. A previously constructed basement laundry room with a new concrete slab is in place.

Features

28 bathrooms

15837 sq. ft. floor area

0.17 ac. lot size

Multi-Family

Property history for 4847 Baldwin St

2019

Sold

$300,000

28 May 2019 by Vlatko Makrievski, of VM Real Estate Group

2017

Sold

$510,000

07 Dec 2017 by Samuel Abdoo

2016

Sold

$300,000

01 Nov 2016 by Jennifer Oliver, of Elite Real Estate Professionals, Inc.

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