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503 Alger Street Detroit, MI $ 585,000
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$ 585,000 Get more info
503 Alger Street
$ 585,000
Back to search
Share Save

503 Alger Street

Detroit, MI, 48202
$ 585,000
Baths0.0 Sq 7,588

Monthly Estimate*

$ 4,086

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Studio

Commercial Property for sale in Detroit, MI

for $585,000. This 7,588 square foot building was built in 1918 on a lot size of 0.18.

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.

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Commercial Active

Price

$ 585,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,967

Style

Lot Size

0.18

Year Built

1918

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240008286
Features
Interior
Heating Fuel Natural Gas
Total Units 9
Street Suffix Street
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General
Sewer Public Sewer (Sewer-Sanitary)
Heating Radiant
Possession At Close
Zoning Multi-Family
Year Built 1918
Property Type Commercial
Subdivision Name BEAMER & FRAERS SUB (PLATS)
Transaction Type Sale
Status Active
Short Sale No
Construction Materials Brick
Cumulative Days on Market 95
MLS Area Det: Livernois-I75 6-Gd River
Directions Alger and Beaubian
City Detroit
Terms Offered Cash Conventional Warranty Deed
School District Detroit
Land Contract 0
Ownership Status Short Sale - No Private Owned
Street Name ALGER
Assessment 100.00
Total Sq Ft 7588
DOM 95
Taxes 1967.0000
Legal Description N ALGER E 10 FT 31 30 W 20 FT 29 BEAMER & FRAERS L14 P8 PLATS W C R 3/102 70 X 113
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Exterior
Waterfront 0
Lot Size Area 0.18
Water Source Public (Municipal)
Foundation Basement
Lot Size Dimensions 70 x 113
Architecture Level 3 Story
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Adrena Holman

Listing Agent

Exp Realty Llc

Broker

(248) 429-9221

Phone

Affordability Calculator

$4,250
Per Month
96%
4%
0%
Monthly Principal & Interest
$4,086
Monthly Property Taxes
$164
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/10/2024$585,000 -18.75% Price Down
2/10/2024$720,000 Listed Price

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503 Alger Street, Detroit, MI, 48202 is a Commercial Property for sale at $585,000 with 7,588 sqft and a lot size of 0.18. 503 Alger Street is a studio with 0.0 baths and was built in 1918. The property's zip code is 48202 which is in Detroit, MI

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