14440 Frankfort St, Detroit, MI 48224
- $800,000
- 32
- BA
- 32,934
- SqFt
- List Price
- $800,000
- MLS#
- 20261040948
- Status
- ACTIVE
- Bathrooms
- 32
- Subdivision
- JEFFERSON PARK LAND CO LTD 1
Property Description
32-unit apartment building with strong value-add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with new plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Additional Information
- Year Built
- 1958
- Basement Type
- Unfinished
- Acres
- 0.75
- Style
- Common Entry Building
- Acres
- 0.75
- School District
- Detroit
- Heating
- Hot Water, Natural Gas
- Garage Description
- Parking Lot, On Street
Mortgage Calculator
Courtesy of Match Realty 3134827432
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