$199,000 for Sale
1561 webb street, detroit, MI 48206
Property Description
8-unit brick multi-family investment opportunity in Detroit. Property features a new roof and has been fully interior demoed down to the studs, providing a true blank slate for redevelopment and value-add potential. Seller/agent has a full scope of work available, including a project proposal from a licensed contractor with detailed plans, unit layouts, and modern finish concepts for each unit, allowing investors to move forward with a clear renovation vision and execution plan. Projected market rents estimated between $950–$1,200 per unit once completed. Ideal for investors, buy-and-hold, or portfolio expansion strategies seeking strong future cash flow and appreciation.
General Information
Sale Price: $199,000
Price/SqFt: $23
Status: Active
MLS#: 20261008320
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.36
Lot Dimensions: 153.00X102.00
Size: 8,648 sq.ft.
Acreage: 0.36 est.
Year Built: 1916
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $3,828
Est. Winter Taxes: $3,828
Est. Winter Taxes: $3,828
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates Inc. and Realcomp II Ltd., ©2026 Realcomp II Ltd. Shareholders Listing By: Jennifer Aparicio-Zavalza of EXP Realty Main, Phone: (888) 501-7085
