Fully-occupied 5-unit apartment building producing $62,400/year in gross rental income. Consisting of
four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at
$1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing
strong upside potential in Detroit’s revitalizing Islandview / West Village corridor.
Highlights
• 100% occupancy with stable tenants
• Below market rent – significant upside
• Cap rate 8.3% with growth potential to 10%
• Landlord only pays water – low expense ratio
• Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit
• Updated interiors and long-term tenant stability
four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at
$1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing
strong upside potential in Detroit’s revitalizing Islandview / West Village corridor.
Highlights
• 100% occupancy with stable tenants
• Below market rent – significant upside
• Cap rate 8.3% with growth potential to 10%
• Landlord only pays water – low expense ratio
• Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit
• Updated interiors and long-term tenant stability
Property Details
Price:
$490,000
MLS #:
20251047515
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
ASSESSORS OF LTS 1 TO 65 INCL PT 66 ETC
Neighborhood:
05043detlivernoisi756gdriver
Listed Date:
Oct 21, 2025
Finished Sq Ft:
4,934
Total Sq Ft:
4,934
Year Built:
1905
See this Listing
Schools
School District:
Detroit
Interior
Cooling
Wall Window Units
Heating
Forced Air, Natural Gas
Exterior
Construction Materials
Vinyl Siding
Parking Features
ParkingLot, OnSite
Roof
Asphalt
Security Features
Carbon Monoxide Detectors, Smoke Detectors
Financial
Taxes
$5,510
Map
Community
- Address900 E Grand Boulevard Detroit MI
- SubdivisionASSESSORS OF LTS 1 TO 65 INCL PT 66 ETC
- CityDetroit
- CountyWayne
- Zip Code48207
Market Summary
Current real estate data for Commercial in Detroit as of Oct 29, 2025
517
Commercial Listed
249
Avg DOM
154
Avg $ / SqFt
$597,886
Avg List Price
Property Summary
- Located in the ASSESSORS OF LTS 1 TO 65 INCL PT 66 ETC subdivision, 900 E Grand Boulevard Detroit MI is a Commercial for sale in Detroit, MI, 48207. It is listed for $490,000 To schedule a showing of MLS#20251047515 at 900 E Grand Boulevard in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.
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