4470 E Outer Dr, Detroit, MI 48234
- $975,000
- 18
- BA
- 11,439
- SqFt
- Sold Price
- $975,000
- List Price
- $1,000,000
- Closing Date
- Dec 04, 2025
- MLS#
- 20251058117
- Status
- CLOSED
- Bathrooms
- 18
- Subdivision
- PATERSON BROS & CO OUTER DRIVE-VAN DYKE (PLATS)
Property Description
Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized (over $15,000 gross income per month!) with room yet to increase rents significantly without large capital expenditures. Two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. There is also a parking lot with plenty of parking for tenants. Overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. Offering memorandum, rent roll and P&L are available upon request.
Additional Information
- Year Built
- 1956
- Basement Type
- Common, Unfinished
- Acres
- 0.30
- Style
- Other
- Acres
- 0.30
- School District
- Detroit
- Heating
- Forced Air, Natural Gas, Separate Meters
Mortgage Calculator
Courtesy of Keller Williams Somerset 2486497200
Selling Office: The Stephan Group.
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