1740 W GRAND Boulevard Detroit, MI ^$ 695,000

1740 W GRAND Boulevard

^$ 695,000

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1740 W GRAND Boulevard

Detroit, MI, 48208

^$ 695,000

Studio Baths65.0 Sq 39,160

Monthly Estimate*

^$ 4,619

1740 W GRAND Boulevard, Detroit, MI 48208 - Image 1

1740 W GRAND Boulevard, Detroit, MI 48208 - Image 2

1740 W GRAND Boulevard, Detroit, MI 48208 - Image 3

1740 W GRAND Boulevard, Detroit, MI 48208 - Image 4

Studio

Multi-Family Home for sale in Detroit, MI

for $695,000 with 65 full baths. This 39,160 square foot home was built in 1951 on a lot size of 0.46.

65 Unit apartment. Needs full rehab. Parking in rear. Income and expenses are estimated. 20 Studios @ $800= $16,000 45 1 bedrooms @ $900 = $40,500. Total monthly income $56,500. Mgmt Fee 6%= $40,680, Taxes $15,700, Ins $20,000, untilities $5,000.

Multi-Family Active

Price

^$ 695,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 17,174

Style

Lot Size

0.46

Year Built

1951

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60297597

Features

General

Heating Other-See Remarks

Cooling Other

Possession At Close

Water Public Water

Status Active Active

Full Baths 65

Half Baths 0

Bathrooms 65

Year Built 1951

Parking On Street

Subdivision SCOVELS (PLATS) MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 606620

Percent Ownership Private

Municipality Detroit

Zoning Multi-Family

Area Detroit (82001)

Primary City Detroit

Directions North of I-94 freeway

City Detroit

School District Detroit City School District

Street Name GRAND

Financial Terms Cash Conventional

Legal Description E GRAND BLVD W N 25 FT 4 3 THRU 1 BLK 4 SCOVELS SUB L11 P97 PLATS W C R 14/105 175 X 175

DOM 64

Postal Code 48208

Price Per Sq Ft Total 17.75

Coming Soon 65 Unit apartment. Needs full rehab. Parking in rear. Income and expenses are estimated. 20 Studios @ $800= $16 000 45 1 bedrooms @ $900 = $40 500. Total monthly income $56 500. Mgmt Fee 6%= $40 680

Interior

Basement Block

Fireplace? No

Total Number of Units 65

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 0

Lot Size Area 0.46

Lot Dimensions 175.00 x 175.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Philip Lang

Listing Agent

Re/Max Connection

Broker

PhilipVLang@gmail.com

Affordability Calculator

$6,050

Per Month

Monthly Principal & Interest: $4,619
Monthly Property Taxes: $1,431
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$226,509

Percent of Sale Price 67%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/2/2024	$695,000		Listed Price

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1740 W GRAND Boulevard, Detroit, MI, 48208 is a Multi-Family Home for sale at $695,000 with 39,160 sqft and a lot size of 0.46. 1740 W GRAND Boulevard is a studio with 65.0 baths and was built in 1951. The property's zip code is 48208 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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1740 W GRAND Boulevard

Multi-Family Home for sale in Detroit, MI

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