For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,600,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 22,796 sqft
Price per Sqft $70
MLS Listing ID 20240054903
Sold Date 10/04/24
Originating Board Realcomp
Year Built 1922
Annual Tax Amount $52,495
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 35.00 x 207.00
Property Description
The Finn Midtown is a 30-unit apartment building comprised of 22 studio units and eight one-bedroom units. Located in the heart of Midtown Detroit, one of the most walkable neighborhoods in the city with some of the strongest rent fundamentals that have seen significant increases in recent years. The Finn was originally constructed in 1927 and underwent a full renovation in 2018. Renovations included commercial-grade windows, a new roof, updated electrical systems, a modern elevator, a video door-phone entry security system, monitored fire alarms, individual HVAC units with tenant-paid electric, refinished interiors, and new cabinetry and bathrooms. These recent updates will minimize maintenance for a future owner. Property tours will be Tuesday, August 7th from Noon - 1:30 PM and Tuesday, August 13th from Noon - 1:30 PM. Best & Final offers due by Tuesday, August 20th
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction On Selden Between 2nd and3rd Ave in Midtown
Rooms
Basement Basement
Interior
Heating Baseboard, Forced Air
Exterior
Waterfront No
View Y/N No
Roof Type Rubber
Building
Building Description Brick,Stone, Security System
Foundation Block
Sewer Public
Water Public
Structure Type Brick,Stone
Others
Tax ID W04I000773S
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
United Country Midwest Lifestyle Properties
michigancrm@midwestlifestyleproperties.com +1(888) 819-6344Our team is ready to help you sell your home for the highest possible price ASAP