14800 E Vernor HWY Detroit, MI 48215
9 Baths
6,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $116
Subdivision C B Sherrard Sub
MLS Listing ID 20261057305
Style Upper/Lower Apartment
Full Baths 9
Year Built 1925
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type MultiFamily
Property Description
Acquire at a Detroit basis with immediate Grosse Pointe Park demand. Located on a prominent hard corner (Vernor Hwy & Ashland St), this durable 1925 brick building offers a mid-repositioning opportunity with reliable cash flow and clear upside.
Key Investment Highlights
Fully Occupied: Stable, turn-key income in place today (6 of 9 units are Section 8).
Prime Border Location: High visibility, strong traffic counts, and spillover demand from neighboring Grosse Pointe Park.
Value-Add Upside: Mid-repositioning asset with significant opportunity to mark rents to market on turnover.
Favorable Terms: Located in FEMA Flood Zone X (lower insurance costs, cleaner financing).
Strategic Access: Minutes from Mack Ave retail, Alter Rd, and Downtown Detroit.
East-side corridor assets this close to the Pointes move quickly.
Location
State MI
County Wayne
Area Area05066Detmcclellaneastmacktoshore
Rooms
Basement Partially Finished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features OnStreet
Pool None
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement, BrickMortar
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, Trade1031Exchange, WarrantyDeed
Listing Terms Cash, Conventional, Trade1031Exchange, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
