4947 Maplewood AveDetroit, MI 48204

This 1917-built, two-story apartment building located at 4947 Maplewood Ave, Detroit, MI 48204 presents a compelling redevelopment opportunity. The property, classified as a Class B multifamily investment, encompasses 3,074 square feet on a 0.1-acre lot in Wayne County. Currently vacant, the four-unit quadruplex offers significant upside potential for investors. Each unit has its own meter, simplifying future rental management. The asking price is $110,000, translating to $27,500 per unit and $35.78 per square foot. The building includes four parking spaces and is zoned for multi-family use. While requiring renovation, this property offers a chance to capitalize on Detroit's growing real estate market. The property is being sold as-is. Its convenient location near downtown Detroit, public transportation, schools, and major freeways ensures strong tenant appeal once renovated. This is a unique chance to acquire a property with substantial potential for rental income generation. The property's current NOI is $0 due to vacancy.