Fully updated and income-producing 5-unit apartment building, offering a strong opportunity for investors. Each unit is currently occupied by reliable tenants, all of whom have been in place for approximately three years and wish to stay. All leases are month-to-month, leaving flexibility for the new owner. Recent upgrades include energy-efficient appliances, a new furnace, and a new hot water tank. No major repairs are needed. Approximately 15 years remain on the tax abatement. Located near expressways, just 15 minutes from downtown Detroit and 20 minutes from Detroit Metro Airport. Great 8.5% cap rate in an up-and-coming Detroit neighborhood.
Property Details
Price:
$599,900
MLS #:
20251015492
Status:
Active
Beds:
0
Baths:
5
Address:
16810 Baylis Street
Type:
Single Family
Subtype:
Multi Family
Subdivision:
NAGELS GOLF CLUB
Neighborhood:
05043 – Det: Livernois-I75 6-Gd River
City:
Detroit
Listed Date:
Jul 25, 2025
State:
MI
Finished Sq Ft:
7,996
ZIP:
48221
Year Built:
1927
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
Bathrooms
5 Full Bathrooms
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Common Entry Building
Construction Materials
Brick
Parking Features
Garage
Parking Spots
2
Financial
Taxes
$134
Map
Community
- Address16810 Baylis Street Detroit MI
- SubdivisionNAGELS GOLF CLUB
- CityDetroit
- CountyWayne
- Zip Code48221
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