For Sale
$399,000

319 Edsel Ford Fwy Detroit, MI 48202

14-Unit Multifamily, Full Rehab Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 14-unit multifamily property, located at 319 E Edsel Ford Fwy in Detroit, Michigan's Midtown neighborhood, presents a unique investment opportunity. Situated on the border of Milwaukee Junction, this property boasts a total square footage of 10,926 and is offered at an asking price of $399,000 ($36.52 per square foot). Built in 1914, the building requires a complete gut renovation, including a thorough clean-out and stabilization. Currently configured with four units per floor across three floors, plus two additional basement apartments, this property offers significant potential for value creation. The existing layout features fourteen units in total. This is a standard (private) ownership opportunity located within an Opportunity Zone, providing potential tax advantages for qualified investors. The property's prime location and substantial size make it an ideal project for investors seeking a high-impact renovation and repositioning opportunity in a rapidly developing area of Detroit. The property is being sold by the owner. This is a rare chance to acquire a large-scale multifamily project in a vibrant and up-and-coming neighborhood.

Highlights

  • 14-unit multifamily property in Detroit's Midtown neighborhood, bordering Milwaukee Junction.
  • 10,926 square feet, asking price $399,000 ($36.52/SF).
  • Built in 1914, requires complete gut renovation.
  • Four units per floor (three floors) plus two basement units.
  • Located in an Opportunity Zone, offering potential tax advantages.
  • Owner-sale.

Property Details for 319 Edsel Ford Fwy

Property type
Residential income homes
Square Feet
10,926 SF
Year Built
1914

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.366006313449
Longitude
-83.065082086497

FAQs

What type of property is this?
Residential income home - 14-Unit Multifamily, Full Rehab Opportunity
Where is the residential income home located?
The property is located at 319 Edsel Ford Fwy Detroit, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 14-unit multifamily property in Detroit's Midtown neighborhood, bordering Milwaukee Junction.; 10,926 square feet, asking price $399,000 ($36.52/SF).; Built in 1914, requires complete gut renovation.
How can I contact the broker?
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319 Edsel Ford Fwy
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