18037 Pelkey Street Detroit, MI $ 600,000
18037 Pelkey Street
$ 600,000
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18037 Pelkey Street

Detroit, MI, 48205
$ 600,000
Bedrooms-- Baths-- Sq 5,364

Monthly Estimate*

$ 3,743

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Commercial Property for sale in Detroit, MI

for $600,000. This 5,364 square foot building was built on a lot size of 0.12.

LOCATED 8 MINUTES FROM THE INFAMOUS EAST ENGLISH VILLAGE DISTRICT, YOU WILL FIND 18037 PELKEY NESTLED ON A 5,364 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. YOUR APARTMENT COMPLEX CONSISTS OF 10 RECENTLY REMODELED 1 BED ROOM UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. 10 OF THE 10 UNITS ARE LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE JUST UNDER $10,000 PER MONTH. THE TENANTS PAY ALL UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN OVER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

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Commercial Active

Price

$ 600,000

Property Type

Commercial

Taxes

$ 22,438

Style

Commercial/Industrial

Lot Size

0.12

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60945867

Features
General
Heating Baseboard Hot Water
Possession At Close
Roof Other-See Remarks
Water Public Water
Status Active Active
Year Built 19
Subdivision Trombley Park MI
Water Heater Gas
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Detroit
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Area Detroit (82001)
Primary City Detroit
Directions S on Gratiot Ave W on 7 Mile Rd S on Pelkey St Building is on the Right
City Detroit
Financial Terms Cash Conventional
Legal Description W PELKEY S 40 FT 25 TROMBLEY PK SUB L40 P93 PLATS W C R 21/631 40 X 126
DOM 170
Postal Code 48205
Price Per Sq Ft Total AG 111.86
Public Remarks LOCATED 8 MINUTES FROM THE INFAMOUS EAST ENGLISH VILLAGE DISTRICT YOU WILL FIND 18037 PELKEY NESTLED ON A 5
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Exterior
Exterior Brick
Frontage 40
Lot Size Area 0.12
Lot Dimensions 40 x 126
Roads Paved Street
Waterfront Y/N No
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Interior
Fuel Type Electric
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* Excluded Features
List By
Lauryn Johnson

Listing Agent

Kw Domain

Broker

laurynlojo@gmail.com

Email

Affordability Calculator

$5,613
Per Month
67%
33%
0%
Monthly Principal & Interest
$3,743
Monthly Property Taxes
$1,870
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
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2025$575,000 Listed Price

Map


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18037 Pelkey Street, Detroit, MI, 48205 is a Commercial Property for sale at $600,000 with 5,364 sqft and a lot size of 0.12. The property's zip code is 48205 which is in Detroit, MI