14800 E Vernor Highway

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Source: MiRealSource

Originating MLS: MiRealSource

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RC387334

14800 E Vernor Hwy | Value-Add Multifamily - East Detroit / Grosse Pointe Park Border Rare value-add multifamily opportunity on the Vernor corridor, minutes from Grosse Pointe Park. Acquire at a Detroit basis while tapping the rent stability and demand of one of metro Detroit's most established affluent border communities. This 9 -unit brick building, originally built in 1925, anchors a hard corner at Vernor Hwy & Ashland St - strong visibility, high traffic counts, and the durable pre-war masonry construction that's costly to replicate today. The asset is mid-reposition under recent construction financing, giving investors a path to stabilized cash flow without starting cold. Why buyers should move: Detroit acquisition basis with Grosse Pointe Park demand spillover Hard-corner site on a major east-side thoroughfare (MLS Area 05066) units with significant rent upside to market on turnover In-place income today, value-add upside tomorrow FEMA Flood Zone X - outside the high-risk floodplain, lower insurance, cleaner financing Strong access to Mack Ave retail, Alter Rd, and downtown Detroit Detroit's east side is moving, and corridor-fronting multifamily this close to the Pointes doesn't last. Offering memorandum, rent roll, and financials available to qualified buyers on request.

Property Information

Property Details

Location

Address

14800 E Vernor Highway

County

Wayne

City

Detroit

Zip Code

48215 2587

Subdivision

C B Sherrard Sub

School District

Detroit City School District

MLS Area

Detroit (82001)

Listing provided by Black Diamond Realty, (313) 612-3277

Interior Features

Beds and Baths

Full Bathrooms

Building

Building Information

Square Feet

6,000

Year Built

1925

Construction

Brick

Foundation

Basement

Financial

Special Conditions

Standard

Property Taxes

Tax Annual Amount

$22,141

14800 E Vernor Highway, Detroit, MI 48215 2587

Market Report for 48215 2587