Connect

456 Alger St, Detroit, MI – $500,000

  • $500k Price
  • 6 Baths
  • 6,634 Sqft
  • .14 Acres
  • $500k Price
  • 6 Baths
  • 6,634 Sqft
  • .14 Acres

456 Alger St

All brick 6 unit apartment building strategically located in the heart of North End, one of Detroit's fastest appreciating sub-markets. Located in the heart of Develop Detroit's 70 property for sale development w/ home sales as high as $260,000 & $191/SF, 456 Alger offers investors a rare opportunity to capitalize on the neighborhoods exciting momentum. The property features a desirable unit mix of 3 BR (3 units) & 2 BR (three units) apartments & is currently vacant w/ redevelopment already underway. With a potential annual gross income of $100,800, the property features a new roof, all demolition completed, all new electrical service separated for each unit, new gas meters separated for each unit, new forced air furnaces, substantial tuck-pointing & brick work completed, & many original details have been salvaged. Multiple exit strategies. Cash out Re-fi, sell for profit, or let property produce strong passive cash flow. Marketing package & projected I/E available upon request.

Essential Information

  • MLS® #2200027253
  • Price$500,000
  • Bathrooms6.00
  • Full Baths6
  • Above Grade Sq. Ft6,634
  • Acres0.14
  • Year Built1914
  • TypeMultifamily
  • Sub-TypeOther
  • StatusActive

Community Information

  • Address456 Alger St
  • SubdivisionPETRYS
  • CityDetroit
  • CountyWayne
  • StateMI
  • Zip Code48202

Area

05043-Det: Livernois-I75 6-Gd River

Interior

  • HeatingForced Air

Exterior

  • ExteriorBrick
  • Exterior FeaturesFenced, Awnings/Overhangs
  • FoundationBasement

School Information

  • DistrictDetroit

Additional Information

  • ZoningMulti-Family

Listing Details

  • OfficeJim Saros Real Estate Services
Please provide a valid email address.

IDX provided courtesy of Realcomp II Ltd., via Jim Saros Agency, Inc. and REALCOMP, ©2020 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.