30 E PHILADELPHIA Street Detroit, MI ^$ 3,375,000

30 E PHILADELPHIA Street

^$ 3,375,000

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30 E PHILADELPHIA Street

Detroit, MI, 48202

^$ 3,375,000

Studio Baths44.0 Sq 6,620

Monthly Estimate*

^$ 22,431

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Studio

Multi-Family Home for sale in Detroit, MI

for $3,375,000 with 44 full baths. This 6,620 square foot home was built in 1923 on a lot size of 0.24.

This full brick apartment building has 44 units, with 19 parking spots included in the sale. Right in the heart of new center area, right off of Woodward Ave. Lots of infrastructure upgrades including new roof, plumbing, electrical, HVAC units, drywalling, Insulation to name a few have been done. Details of what is left can be provided with current contracts in place. This project is ready for the finishing episode. 19 Parking places available. Mostly all the contracts are in place, will need a new GC. Opportunity zone. 25-30% OWNER FINANCING AVAILABLE.

Multi-Family Active

Price

^$ 3,375,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,270

Style

Lot Size

0.24

Year Built

1923

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60153135

Features

General

Heating Forced Air

Possession At Close

Water Public Water at Street

Status Active Active

Full Baths 44

Half Baths 0

Bathrooms 44

Year Built 1923

Subdivision HUBBARDS BELA MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Municipality Detroit

Zoning Multi-Family

Area Detroit (82001)

Primary City Detroit

Directions Woodward and Philadelphia

City Detroit

School District Detroit City School District

Street Name PHILADELPHIA

Financial Terms Cash Conventional

Legal Description E WOODWARD E 80 FT 2-1HUBBARDS BELA L21 P7 PLATS W C R 1/111 135 IRREG

DOM 595

Postal Code 48202

Price Per Sq Ft Total 509.82

Coming Soon This full brick apartment building has 44 units with 19 parking spots included in the sale. Right in the heart of new center area

Interior

Basement Walk Out

Fireplace? No

Total Number of Units 44

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 135

Lot Size Area 0.24

Lot Dimensions 135.00 x 78.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Fahad Sultan

Listing Agent

Motown Property Management Inc

Broker

sultanmotown@gmail.com

Affordability Calculator

$22,620

Per Month

Monthly Principal & Interest: $22,431
Monthly Property Taxes: $189
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$224,943

Percent of Sale Price 93%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/5/2023	$3,375,000	-4.93%	Price Down
10/12/2022	$3,550,000		Listed Price

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30 E PHILADELPHIA Street, Detroit, MI, 48202 is a Multi-Family Home for sale at $3,375,000 with 6,620 sqft and a lot size of 0.24. 30 E PHILADELPHIA Street is a studio with 44.0 baths and was built in 1923. The property's zip code is 48202 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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30 E PHILADELPHIA Street

Multi-Family Home for sale in Detroit, MI

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