1473 TAYLOR Street Detroit, MI $ 89,900
1473 TAYLOR Street
$ 89,900
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1473 TAYLOR Street

Detroit, MI, 48206
$ 89,900
Baths6.0 Sq 3,220

Monthly Estimate*

$ 561

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Studio

Multi-Family Home for sale in Detroit, MI

for $89,900 with 6 full baths. This 3,220 square foot home was built in 1916 on a lot size of 0.16.

**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space. The property does require a full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING.

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Multi-Family Active

Price

$ 89,900

Bedrooms

Studio

Full Bath

6

Property Type

Multi-Family

Taxes

$ 51

Style

Historic

Lot Size

0.16

Year Built

1916

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240090298

Features
General
Sewer PublicSewer SewerAtStreet
Heating ForcedAir NaturalGas
Possession AtClose
Roof Asphalt
Garage Spaces 2.0
Patio/Porch Features Covered Porch
Architectural Style Historic
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1916
Levels Three
Property Subtype MultiFamily
County Wayne
Net Operating Income 80640.0
Operating Expense 34560.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name BESSENGER & MOORES SUB
Garage Y/N N
Full Baths 6
Status Active
Directions From Rosa Parks Blvd turn East on Taylor
City DetroitCity_Wayne
Disclosures AnnualPropertyOperatingDataNotAvailable ConformstoZoning ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 6
MLS Area Area05043DetLivernoisI756GdRiver
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 51.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 600
TaxOtherAnnualAssessmentAmount 0.0
Expected Active Date 2024-12-08
Legal Description Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2026. S TAYLOR 13-14 BESSENGER & MOORES SUB L22 P85 PLATS W C R 6/4 54 X 127
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Interior
Basement Full Unfinished WalkOutAccess
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3220.0
Half Baths 0
Total Baths 6
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Exterior
Water Source Public WateratStreet
Lot Size Area 0.16
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions 54.00 x 127.00
Lot Size Acres 0.16
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1473
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* Excluded Features
List By
Ryan E Kain

Listing Agent

Re/Max Leading Edge

Broker

(313) 277-7777

Phone

Affordability Calculator

$565
Per Month
99%
1%
0%
Monthly Principal & Interest
$561
Monthly Property Taxes
$4
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/2/2025$89,900 -18.20% Price Down
5/23/2025$109,900 -12.01% Price Down
3/10/2025$124,900 -24.26% Price Down
2/11/2025$164,900 -2.94% Price Down
1/27/2025$169,900 -2.86% Price Down
12/9/2024$174,900 Listed Price

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1473 TAYLOR Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $89,900 with 3,220 sqft and a lot size of 0.16. 1473 TAYLOR Street is a studio with 6.0 baths and was built in 1916. The property's zip code is 48206 which is in Detroit, MI