For more information regarding the value of a property, please contact us for a free consultation.
503 ALGER Street Detroit, MI 48202
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $480,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20240007747
Sold Date 04/22/25
HOA Y/N true
Year Built 1918
Annual Tax Amount $1,772
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 70 x 113
Source Realcomp
Property Description
If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Alger and Beaubian
Interior
Heating Radiant
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W03I002322S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less