
$800,000 USD
Multi Family Home for Sale, 14440 Frankfort Street, Detroit, Michigan 48224
- MLS#20261026593
- 32
3,060 m² (32,934 ft²)
Listed By CENTURY 21 Curran & Oberski
The Multi Family Home for Sale located at 14440 Frankfort Street, Detroit, Michigan 48224 is currently for sale. 14440 Frankfort Street, Detroit, Michigan 48224 is listed for $800,000. This property has 32 bathrooms.
Property features
Property
- Property size:
3,060 m² (32,934 ft²)
Construction
- Year built: 1958
Bathrooms
- Total bathrooms: 32
- Full bathrooms: 32
Description
32 unit apartment building with strong value add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates. The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Location
14440 Frankfort Street, Detroit, Michigan 48224