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$99,000
Est. payment /mo
2 Baths
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250028373
HOA Y/N true
Originating Board Realcomp
Year Built 1929
Annual Tax Amount $602
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 40.00 x 114.00
Property Description
In the emerging Morningside neighborhood, adjacent to Grosse Pointe and East English Village, this historic gem offers a rare opportunity to restore and personalize a classic property while unlocking significant rental income potential. Much of the heavy lifting has already been done: The home boasts updated electrical and plumbing systems, with most of the necessary renovation supplies already on-site, allowing you to pick up right where the current work left off. Recent upgrades include a brand-new roof, gutters, lots of structural work and two new HVAC systems, ensuring the home's durability and comfort for years to come.Designed to maximize income potential, the property includes two spacious 2-bedroom, 1-bath units, plus a potential basement studio. The upper unit, currently configured as a “penthouse,” includes a functioning kitchen and bathroom and has plans in place to finish the attic as a loft space—perfect for expanding rental income opportunities or creating a private retreat for a live-in owner. The units are bright, airy, and well-proportioned, with large bay windows flooding the space with natural light.Featuring stunning original architectural elements—including finely crafted Italian plaster columns, intricate ceiling medallions, a beautiful fireplace fresco, and soaring curved ceilings—this home provides an exceptional canvas for someone with vision and an appreciation for timeless craftsmanship.Located near the iconic Alger Theater, local parks, dining, and shopping, this property offers the perfect blend of historical charm and modern-day convenience. With thoughtful renovations, this home can become a standout property in one of Detroit's most desirable neighborhoods—an ideal investment for both investors and homeowners looking to build equity through rental income.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction W of Outer Drive, S of Warren Avenue
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I070036S
Acceptable Financing Cash
Listing Terms Cash
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Listed by Berkshire Hathaway HomeServices The Loft Warehouse