MI > Wayne > Detroit > 1473 Taylor Street

$169,900

Reduced ($5,000) on 01/27/2025

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  • 6 Units
  • 3,220 SqFt
  • MLS# 20240090298
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248-304-6700

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248-208-3883

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**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space. The property does require a full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING.

Property Information

Status
Active 
Address
1473 Taylor Street 
City
Detroit 
Zip
48206 
Year Built
1916 
Style
Historic 
Possession
At Close 
Architecture
3 Story 
Listing Date
12/08/2024 
Subdivision
Bessenger & Moores Sub 
County
Wayne 
Total Lower SqFt
1,610 
Above Grade SqFt
3,220 
Total No of Units

School Information

School District
Detroit 

Taxes

Summer Taxes
$45 
Winter Taxes
$6 

Rooms and Land

Lot Dimensions
54.00 x 127.00 
Total Acres
0.16 

Features

Style
Historic 
Basement
Unfinished, Walkout Access 
Heating
Forced Air, Natural Gas 

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  • Market Statistics
  • Property History
  • Schools Information
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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20240090298 Jan 27 2025 12:43PM $169,900 $174,900 61
20240090298 Active Dec 8 2024 8:36PM $174,900 61
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Re/Max Leading Edge
(734) 404-8800
Office Address 7500 N Canton Center

1473 Taylor Street Detroit
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$169,900
For Sale • No. of Units: 6