Portfolio for Sale
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Portfolio for Sale
3 Properties Offered at $1,799,000 in Detroit, MI
Investment Highlights
- In an Opportunity Zone
- The zoning is B6, General Services District, which allows residential, commercial and mixed use purposes.
- A developer’s opportunity for immediate cashflow, reactivation of the vacant structures, and vacant land for redevelopment.
- Includes a rare example of Greek Revival architecture, needing complete renovation and stabilization at 1440 6th Street.
Executive Summary
The Definitive Corktown Collection: a group of properties of various architectural styles exemplary of Corktown, in the heart of the neighborhood, and adjacent to the central business district and Riverfront. A developer’s opportunity for immediate cashflow, reactivation of the vacant structures, and vacant land for redevelopment. This site is in an Opportunity Zone and Neighborhood Enterprise Zone (New/Rehab). The package is made of four separate pieces: 1) Triangle-shaped vacant land to the north; 2) across vacated Lobrosse St at 1450 Sixth, a brick 4-unit, occupied, newer roof and boiler, additional space in basement for fifth unit; 3) vacant land at 1440 Sixth 4) the Worker’s Row House at 1430 Sixth, originally a 3-unit tenement house, with roof, structure and exterior fully stabilized; There is additional land behind this structure that could be a great location for additional residential or carriage house. This location is walkable to the restaurants lining Michigan Avenue and one mile to Ford’s Michigan Central Innovation District. Most of the offering is combined under tax ID 06004564-743, except 1430 6th the Worker’s Rowhouse, which is tax id 06004563. The properties are part of the Corktown historic district. The zoning is B6, General Services District, which allows residential, commercial and mixed use purposes. Additional photos available upon request.
Property Facts
Price | $1,799,000 | Number of Properties | 3 |
Price / SF | $211.65 / SF | Individually For Sale | 0 |
Sale Type | Investment or Owner User | Total Building Size | 8,500 SF |
Status | Active | Total Land Area | 0.78 AC |
Price | $1,799,000 |
Price / SF | $211.65 / SF |
Sale Type | Investment or Owner User |
Status | Active |
Number of Properties | 3 |
Individually For Sale | 0 |
Total Building Size | 8,500 SF |
Total Land Area | 0.78 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
1430 6th St, Detroit, MI 48226 | Multifamily | 1,000 SF | 1910 | - |
1450 6th St, Detroit, MI 48226 | Land | 0.36 AC | - | - |
1450 6th St, Detroit, MI 48226 | Multifamily | 7,500 SF | 1906 | - |
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