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About This Home
This 0-bedroom, 0-bathroom commercial at 1561 Webb Street in Detroit, MI is listed for $199,000 ($23 per sqft). Built in 1916, the home offers 8,648 sqft of living space on a 0.36 acres lot.
8-unit brick multi-family investment opportunity in Detroit. Property features a new roof and has been fully interior demoed down to the studs, providing a true blank slate for redevelopment and value-add potential.
Seller/agent has a full scope of work available, including a project proposal from a licensed contractor with detailed plans, unit layouts, and modern finish concepts for each unit, allowing investors to move forward with a clear renovation vision and execution plan.
Projected market rents estimated between $950–$1,200 per unit once completed. Ideal for investors, buy-and-hold, or portfolio expansion strategies seeking strong future cash flow and appreciation.
Key Features
- Built in 1916
- 0.36 acre lot
Property Details
Monthly Cost Estimate
$1,064/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1561 Webb Street
Detroit, MI 48206
Robert Oakmans Hamilton Blvd Sub
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1561 Webb Street is listed at $199,000 ($23/sqft). The estimated monthly payment is $862 based on 20% down at 6.5% interest.
Key features include: Built in 1916, 0.36 acre lot.
This property is listed by Jennifer Aparicio-Zavalza and can be reached at 3133503731 or jennifer.aparicio-zavalza@exprealty.com.
