1124 McKinstry St 2 Unit Apartment Building $290,000 ($145,000/Unit) Detroit, MI 48209
INVESTMENT HIGHLIGHTS
- This property features two units, making it ideal for investment or multi-generational living
- Built in 1910, this property retains its historic character while providing modern amenities
- With 2,798 sq ft of living space, this home offers ample room for comfort and functionality
EXECUTIVE SUMMARY
A historic building built in 1890 as a storefront with a second floor apartment, 1124 McKinstry was later converted to 2 residential units and could be used as live/work space with a storefront or office on the ground floor. The first floor currently offers a partially renovated 2-bedroom, 1-bathroom apartment providing an opportunity for further improvements to enhance value and rental potential. The second floor is a newly renovated 3-bedroom, 1-bathroom with an in unit washer and dryer. Both units have separately metered utilities and a new roof was installed in 2023. The property is situated near Clark Park, Hubbard Farms, and Corktown in Detroit.
**TOURS WILL BE HELD TUESDAY APRIL 15TH 12-1PM**
**TOURS WILL BE HELD TUESDAY APRIL 15TH 12-1PM**
PROPERTY FACTS
| Price | $290,000 |
| Price Per Unit | $145,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Lot Size | 0.10 AC |
| Building Size | 2,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2022 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | 1,350 |
| 3+1 | 1 | - | 1,350 |
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ZONING
| Zoning Code | R2 (Residential) |
