Listing Courtesy of: REALCOMP / Century 21 Curran & Oberski / George Jarrous
900 E Grand Boulevard Detroit, MI 48207
Active (25 Days)
$490,000 (USD)
Description
MLS #:
20251047064
20251047064
Lot Size
0.29 acres
0.29 acres
Type
Multifamily
Multifamily
Year Built
1905
1905
School District
Detroit
Detroit
County
Wayne County
Wayne County
Listed By
George Jarrous, Century 21 Curran & Oberski
Source
REALCOMP
Last checked Nov 29 2025 at 9:06 PM GMT+0000
REALCOMP
Last checked Nov 29 2025 at 9:06 PM GMT+0000
Bathroom Details
- Full Bathrooms: 5
Interior Features
- Laundry Facility
- Smoke Alarm
- Carbon Monoxide Alarm(s)
- Circuit Breakers
- 220 Volts
Subdivision
- Assessors Of Lts 1 To 65 Incl Pt 66 Etc
Property Features
- Foundation: Basement
Heating and Cooling
- Forced Air
- Ceiling Fan(s)
- Window Unit(s)
Basement Information
- Unfinished
Pool Information
- 0
Exterior Features
- Fenced
- Roof: Asphalt
Utility Information
- Utilities: Public (Municipal)
- Sewer: Sewer (Sewer-Sanitary)
- Fuel: Natural Gas
Stories
- 3 Story
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 Curran & Oberski and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 RealComp MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/4/24 07:12
Exceptional income-producing opportunity in Detroit’s revitalizing Islandview and West Village corridor. This fully occupied 5-unit multifamily building generates $62,400 in annual gross rental income. The property consists of four spacious 2-bedroom units, each approximately 1,200 square feet, and leased at $1,000 per month, along with one large 3-bedroom unit of 1,700 square feet leased at $1,200 per month. The landlord pays only for water, while tenants cover gas and electricity, keeping expenses low and returns strong.
Current rents remain below market, providing a significant opportunity to increase income as the Detroit rental market continues to strengthen. With a cap rate of 8.3% and potential growth up to 10%, this property offers impressive performance and long-term upside. Situated in a vibrant neighborhood near Sonora Missionary Baptist Church, the Detroit Waldorf School, and the Butzel Family Recreation Center, it’s ideally located for tenants seeking convenience and community.
Call today to schedule your private tour and secure your next great investment.