Detroit, MI 48201
MLS# 20261064333
CANFIELD HISTORIC DISTRICT-Rare opportunity to own a historic Queen Anne property configured as a 4-unit investment property with 3 units in the main residence and 1 fully renovated Carriage House. The property offers existing rental income with additional value-add potential through the unfinished third-floor/attic unit that has approved architectural plans for an approximately 1,433 sq. ft. attic studio with a private balcony.Extensive improvements have been completed throughout the property, including leveling of the first and second floors, new subfloors and engineered hardwood flooring, wallpaper removal and wall restoration, Victorian-style chandeliers, renovated kitchen and baths, luxury primary ensuite with marbled porcelain tile, soaking tub, walk-in shower and double vanities, basement improvements with bonus room and epoxy flooring, sealed basement walls and asbestos removal.Additional improvements include all-new HVAC systems, furnaces and A/C units, complete ductwork replacement, updated electrical with new wiring and 200-amp panel, new electric meter and GFCI outlets, gas fireplace conversions, interconnected smoke and CO detectors, structural reinforcement with new supports, restored front porch, decorative tile installation and tuck-pointing. The fully modernized 1885 Carriage House features a kitchen, 1.5 baths, septic repair and wildlife mitigation.Additional features include a private driveway, spacious backyard and approved architectural plans for future attic development. Tax incentives include PRE and NEZ, with a PILOT (Payment in Lieu of Taxes) application submitted. When approved, the PILOT structure is expected to significantly reduce the property’s annual tax, with projected taxes of approximately $3,333 per year for the entire property. BAVAIExcellent opportunity for an investor seeking a historic 4-unit property with substantial improvements, existing income, and significant additional value-add potential.
Listed by D'Asia P Taylor · Golden Key Realty Group LLC
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$7,332/mo
$290,000 down · $1,160,000 financed
Loading similar listings…
Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.
55 photosActive14710 Plymouth Road, Detroit, MI 48227
Detroit, MI 48227
Commercial · 27,977 sqft
67 photosActive1764 Seminole, Detroit, MI 48214
Detroit, MI 48214
9 bd · 6 ba · 6,268 sqft
27 photosActive324 ELIOT Street, Detroit, MI 48201
Detroit, MI 48201
4 bd · 4 ba · 4,400 sqft