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2255 Webb Street Detroit, MI $ 4,980,000
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$ 4,980,000 Get more info
2255 Webb Street
$ 4,980,000
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Share Save

2255 Webb Street

Detroit, MI, 48206
$ 4,980,000
Bedrooms212 Baths156.0 Sq 150,689

Monthly Estimate*

$ 31,069

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Multi-Family Home for sale in Detroit, MI

for $4,980,000 with 212 bedrooms and 156 full baths. This 150,689 square foot home was built in 1948 on a lot size of 4.87.

BACK ON THE MARKET DUE TO BUYER NOT HAVING FUNDS TO CLOSE AT CLOSING. PRICE REDUCED TO SELL!! CALLING ALL INVESTORS!! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT/OPPORTUNITY!! 50% occupied! 100 one bed/one bath and 56 two beds/one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 28 buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated/replaced. All of the windows have been updated to vinyl. 48 of the units are on boiler heat and the rest of the 108 units are individually furnaced. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Seller is open to seller financing with 50% down, seller must be in first position. Serious buyers only please!

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Multi-Family Pending

Price

$ 4,980,000

Bedrooms

212

Full Bath

156

Property Type

Multi-Family

Taxes

$ 186,732

Style

MultiFamily

Lot Size

4.87

Year Built

1948

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

58050172514
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas SeparateMeters Steam
Possession AtClose
Garage Spaces 0.0
Year Built 1948
Levels Two
Property Subtype MultiFamily
County Wayne
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name OAKMAN & STOLL
Garage Y/N N
Full Baths 156
Status Pending
City DetroitCity_Wayne
Disclosures TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Number Of Units Total 156
MLS Area Area05043DetLivernoisI756GdRiver
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 186732.0
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 Pending
Legal Description S WEBB S 120 FT OF 64 THRU 46 EXC A TRIANG POR OF 46 BG THE W 0.27 FT ON THE N LN & THE N 37.24 FT ON THE W LN OF SD LOT A TRIANG POR OF 45 BG THE E 0.60 FT ON THE S LN & THE S 82.76 FT ON THE E LN O
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Exterior
Water Source Public
Foundation Details Basement
Spa N
Lot Dimensions 212137
Lot Size Acres 4.87
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 150689.0
Total Bedrooms 212
Above Grade Finished Area Source PublicRecords
Above Grade Finished Area Unit Type SquareFeet
Total Baths 156
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Internal Only
Street Number 1 2255
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* Excluded Features
List By
Justin Zehel

Listing Agent

Keller Williams Paint Creek

Broker

(248) 979-3466

Phone

Affordability Calculator

$46,630
Per Month
67%
33%
0%
Monthly Principal & Interest
$31,069
Monthly Property Taxes
$15,561
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/16/2025$4,980,000 -9.12% Price Down
8/26/2025$5,480,000 -8.28% Price Down
7/18/2025$5,975,000 -8.08% Price Down
7/11/2025$6,500,000 -5.11% Price Down
4/25/2025$6,850,000 Listed Price

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2255 Webb Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $4,980,000 with 150,689 sqft and a lot size of 4.87. 2255 Webb Street has 212 bedrooms, 156.0 baths, and was built in 1948. The property's zip code is 48206 which is in Detroit, MI

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