MID-CENTURY IN THE CITY! Sellers have made an extensive investment into renovations, making this recently remodeled 15-unit Palmer Park GEM a prime income-generating property. 303 Covington consistently earns top-dollar rental income, with most units already updated or in the final stages of renovation—tenant-ready within the month.
Recent upgrades include a new boiler (2022), all new electrical service panels, dozens of replaced thermal windows, new in-unit ACs, and numerous interior improvements throughout each unit. This property has been a reliable income producer for decades and has undergone several thoughtful restorations, making it highly desirable for long-term, consistent occupancy.
Tenants enjoy a shared courtyard and laundry room, secure fencing, illuminated walkways, front and rear entrances, and first-come, first-served parking.
Rent rolls and expense reports available upon request. Don’t miss this incredible investment opportunity in one of Detroit’s most historic and revitalized neighborhoods!
Recent upgrades include a new boiler (2022), all new electrical service panels, dozens of replaced thermal windows, new in-unit ACs, and numerous interior improvements throughout each unit. This property has been a reliable income producer for decades and has undergone several thoughtful restorations, making it highly desirable for long-term, consistent occupancy.
Tenants enjoy a shared courtyard and laundry room, secure fencing, illuminated walkways, front and rear entrances, and first-come, first-served parking.
Rent rolls and expense reports available upon request. Don’t miss this incredible investment opportunity in one of Detroit’s most historic and revitalized neighborhoods!
Property Details
Price:
$1,400,000
MLS #:
20250024379
Status:
Active
Beds:
11
Baths:
0
Address:
303 COVINGTON DR
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
MERRILL PALMER ALSO PG 55
Neighborhood:
05041 – Det 6-8 Grfld-Dequindre
City:
Detroit
Listed Date:
Apr 11, 2025
State:
MI
Finished Sq Ft:
8,831
Total Sq Ft:
8,831
ZIP:
48203
Year Built:
1964
See this Listing
I’m a first-generation American with Italian roots. My journey combines family, real estate, and the American dream. Raised in a loving home, I embraced my Italian heritage and studied in Italy before returning to the US. As a mother of four, married for 30 years, my joy is family time. Real estate runs in my blood, inspired by my parents’ success in the industry. I earned my real estate license at 18, learned from a mentor at Century 21, and continued to grow at Remax. In 2022, I became the…
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Schools
School District:
Detroit
Interior
Exterior
Construction Materials
Brick
Financial
Taxes
$19,675
Map
Community
- Address303 COVINGTON DR Detroit MI
- SubdivisionMERRILL PALMER (ALSO PG 55 )
- CityDetroit
- CountyWayne
- Zip Code48203
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