1817 Fischer St - Apartments FOR SALE


Detroit, MI 48214- Indian Village
$360,000 USD
313-704-2678
1817 Fischer St, Detroit, MI for Sale
$360,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1817 Fischer St
Detroit, MI 48214
Indian Village


OVERVIEW

This beautiful brick four-unit building in East Village offers a rare opportunity in a prime upcoming location just blocks from The Shepherd’s rapidly expanding arts campus and next door to the newly constructed Greatwater Homes. Each of the four apartments features two bedrooms, one bathroom, and approximately 1,050 square feet, with a full basement below. From 2018 to 2022, the current owners completed extensive upgrades in preparation for final finishes, including: full masonry stabilization; all new windows and roofing; a new poured concrete basement floor; all new drywall (with no exposed lead-based paint); fire suppression, some cabinetry installation; and significant structural and non-structural framing. Each unit has individually metered mechanical, electrical, and plumbing systems, all approved with green stickers. The building is primed for completion and offers an excellent opportunity for investors or owner-occupants to customize the interiors to their specifications. Additionally, the adjacent .103-acre lot (1811 Fischer) is available for purchase ($50,000), offering potential for private parking, outdoor space, or future development. Offers due by Friday, June 20th

FOR SALE DETAILS

PRICE

$360,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

4

PRICE/UNIT

$90,000

CAP RATE

Request Cap Rate

% LEASED

0%

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B4

APN/PARCEL ID

17-006079

ASK ABOUT THIS PROPERTY

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

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Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.