Pending

Listed by Hussein Farhat and Yousef Beydoun from RE/MAX Team 2000

Source: Multiple Listing Service MiRealSource #60964989

4847 Baldwin St, Detroit, MI, 48214

$449,900

28
15837 sq. ft.
0.17 ac.

MultiFam

30+ days on the market

What's around 4847 Baldwin St

About this property

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.

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