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 in 1929 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

RealEstateOnly

Lot Size

0.12

Year Built

1929

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251046375

Features
General
Sewer PublicSewer
Heating Baseboard Electric HotWater
Possession AtClose
Roof Other
Garage Spaces 0.0
Construction Materials Brick
Year Built 1929
Electric CircuitBreakers
Levels Two
Property Subtype RealEstateOnly
Current Use Residential
Business Type Apartments Commercial
County Wayne
Net Operating Income 120000.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name TROMBLEY PARK
Garage Y/N N
Status Active
Directions S on Gratiot Ave W on 7 Mile Rd S on Pelkey St Building is on the Right
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 10
MLS Area Area05054Det8ToGratiotHoustonTo7
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 10
Land Lease Y/N N
Tax Annual Amount 22438.0
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 Tenant
Tax Assessed Value 129360
Expected Active Date 2025-10-16
Legal Description W PELKEY S 40 FT 25 TROMBLEY PK SUB L40 P93 PLATS W C R 21/631 40 X 126
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Exterior
Water Source Public
Foundation Details Basement BrickMortar Poured
Spa N
Building Area Total 5364.0
Lot Dimensions 40 x 126
Lot Size Acres 0.12
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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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 5364.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 18037
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* Excluded Features
List By
Lauryn Johnson

Listing Agent

Kw Domain

Broker

(248) 207-2994

Phone

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
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2025$575,000 Listed Price

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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. 18037 Pelkey Street was built in 1929. The property's zip code is 48205 which is in Detroit, MI