485 E Grand Boulevard

Detroit, Michigan 48207

  • 0 Bed(s)
  • 4.5 Bath(s)
  • 2,884 Sqft
  • 0.27
    Acre(Lot)
$400,000

Description

Incredible investment opportunity in the heart of island view! this massive multi-unit residence has served as a licensed adult foster care facility for over 50 years and was previously approved for up to 20 residents. the property is currently tenant-occupied with nine long-term residents—many with over a decade of tenancy—who would love to stay. with nine spacious bedrooms, four full bathrooms, and two half baths, the floor plan offers flexibility and scale. just minutes from belle isle, downtown detroit, and the bustling west village, this property is perfect for investors seeking cash flow and long-term upside in a rapidly developing neighborhood.

  • Property Type

    Multifamily

  • Subdivision

    More Than One Subdivision Involved

  • County

    Wayne

  • Style

    Colonial

  • AD ID

    50324344

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Property Details

  • Bathroom Information

    • Total Baths: 4.5
    • Full Baths: 4
    • Half Baths: 2

    Room Information

    • Porches: Porch - Covered,Porch,Covered

    Interior Features

    • Roof : Asphalt
    • Basement Description: Unfinished

    Heating & Cooling

    • Heating: Hot Water
    • Heating Fuel: Natural Gas

    Water Heater

    • Natural Gas

  • Building Information

    • Year Built: 1912
    • Building Stories: 3 Story
    • Total Units: 10
    • Roof: Asphalt
    • Foundation/Basement: Basement
    • Architecture: Colonial

    Exterior Features

    • Fenced
    • Construction: Brick

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)
    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 0.27
    • Dimensions: 80.00 x 146.00

    Property Information

    • SQ ft: 2884
    • Subdivision: MORE THAN ONE SUBDIVISION INVOLVED
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $400,000

    Listing Information

    • Possession: At Close
    • Legal Description: W E GRAND BLVD 6 F F PALMS SUB L25 P13 PLATS, W C R 15/107 E 146.30 FT OF N 25.06 FT 25 J B MC KAYS SUB L333 P304 DEEDS, W C R 15/152 80.06 X 146.30

  • Tax Information

    • Annual Tax: $4,191
    • Parcel Number: W15I008064S

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: W E GRAND BLVD 6 F F PALMS SUB L25 P13 PLATS, W C R 15/107 E 146.30 FT OF N 25.06 FT 25 J B MC KAYS SUB L333 P304 DEEDS, W C R 15/152 80.06 X 146.30

  • Multi-Unit Information

    • Road Frontage: Paved

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 07/03/2025 @ 21:11

  • MLS: 629433300
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 0 bedrooms which is for sale, it has 2,884 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.