4470 E Outer Drive

Detroit, Michigan 48234

  • 18 Bed(s)
  • 18 Bath(s)
  • 11,439 Sqft
  • 0.3
    Acre(Lot)
$1,050,000

Description

Welcome to 4470 e outer dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. all units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. with 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized with room yet to increase rents significantly without large capital expenditures. two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. there is also a parking lot with plenty of parking for tenants. overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. offering memorandum, rent roll and p&l are available upon request.

  • Property Type

    Multifamily

  • Subdivision

    Paterson Bros & Co Outer Drive Van Dyke (plats)

  • County

    Wayne

  • Style

    Other

  • AD ID

    49479930

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Property Details

  • Bathroom Information

    • Total Baths: 18
    • Full Baths: 18

    Interior Features

    • Basement Description: Unfinished,Common

    Heating & Cooling

    • Heating: Forced Air,Separate Meters
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1956
    • Building Stories: 2 Story
    • Total Units: 18
    • Foundation/Basement: Basement
    • Architecture: Other

    Exterior Features

    • Construction: Brick

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.30
    • Dimensions: 104.00 x 125.00

    Property Information

    • SQ ft: 11439
    • Subdivision: PATERSON BROS & CO OUTER DRIVE-VAN DYKE (PLATS)
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $1,050,000

    Listing Information

    • Possession: At Close
    • Legal Description: S OUTER DRIVE E 56&57 PATTERSON BROS & CO OUTER DR VAN DYKE SUB L46 P89 PLATS, W C R 15/260 104 X 125

  • Tax Information

    • Annual Tax: $28,646
    • Parcel Number: W15I005039C40

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: S OUTER DRIVE E 56&57 PATTERSON BROS & CO OUTER DR VAN DYKE SUB L46 P89 PLATS, W C R 15/260 104 X 125

  • Multi-Unit Information

    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 18

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 04/27/2025 @ 06:11

  • MLS: 625029174
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 18 bedrooms which is for sale, it has 11,439 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.