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


05043-Det: Livernois-I75 6-Gd River


  • HeatingForced Air


  • ExteriorBrick
  • Exterior FeaturesAwnings/Overhangs, Fenced
  • FoundationBasement

School Information

  • DistrictDetroit

Additional Information

  • ZoningMulti-Family

Listing Details

  • OfficeJim Saros Real Estate Services
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