5045 Trumbull St - Office/Residential FOR SALE


Detroit, MI 48208- Woodbridge
$750,000 USD
734-355-0660
5045 Trumbull St, Detroit, MI for Sale
$750,000 USD
Office/Residential - FOR SALE
1/14
null | Request Cap Rate

5045 Trumbull St
Detroit, MI 48208
Woodbridge


OVERVIEW

Located on Trumbull Avenue in the heart of Woodbridge directly across the street from Wayne State University, this sale includes a brick duplex, a brick commercial building, parking lot, and two ga- rage structures. Both buildings were built in 1910, and the duplex features two two-bedroom apart- ments with an unfinished basement and a skywalk connecting the buildings on the second floor. 5045 Trumbull was built as a stately single-family home and has since been converted into a com- mercial building, housing a former funeral home. The building features original character with beau- tiful intricate woodworking, and has potential to be converted back to a single-family home or a multi-family apartment building. A parking lot and two brick garages are included in the sale. Zoned R-3, which allows for low-density multi-family developments, the property occupies more than 120 feet of Trumbull Avenue frontage. With property values in Woodbridge continuing to steadily in- crease as new businesses open, this portfolio presents a great investment opportunity in a strong Detroit neighborhood.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

SD2

APN/PARCEL ID

08-0058402

ASK ABOUT THIS PROPERTY

Griffin KrebsbachO'Connor Real EstateMore Info
734-355-0660

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Griffin KrebsbachO'Connor Real EstateMore Info
734-355-0660

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