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$ 400,000
Est. payment /mo
Pending
1417 Van Dyke Street Detroit, MI 48214
3 Baths
2,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $153
Subdivision Mi
MLS Listing ID 60971424
Full Baths 3
Year Built 1917
Annual Tax Amount $4,258
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 28X165
Property Sub-Type Multi-Family
Property Description
Unique mixed-use investment opportunity located at 1417 Van Dyke Ave, Detroit, MI. This three-story property features three income-producing units, including a street-level retail space currently operating as a bookstore, a successful Airbnb unit, and a residential rental. The bookstore space is presently vacant, offering immediate upside potential with projected rental income of approximately $1,400 per month once leased. Property is being offered with both the business opportunity and the real estate, creating flexibility for owner-operators or investors seeking multiple income streams. Ideal for those looking to expand their portfolio with a versatile asset in a growing area. Strong potential for increased cash flow through lease-up and continued short-term rental operation. Gas and electric are on separate meters. A rare chance to acquire a distinctive mixed-use property with built-in revenue and future growth potential.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Rooms
Basement MI Basement
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Cedar, Wood
Building
Water Community
Structure Type Cedar,Wood
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Clyde Realty LLC
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