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About This Home
This 7-bedroom, 8-bathroom residential multi family at 710 Virginia Park Street in Detroit, MI is listed for $525,000 ($102 per sqft). Built in 1911, the home offers 5,150 sqft of living space on a 0.19 acres lot.
Excellent Investment Opportunity in Detroit's Virginia Park District! This is an exceptional income-producing multi-family property located in the historic Virginia Park district of Detroit. This two-story building offers seven rentable units in a variety of layouts including three bedroom, two-bedroom, one-bedroom, and studio apartments ideal for maximizing occupancy and rental income.
Many units feature modern updates such as new flooring, countertops, and appliances, while an on-site laundry facility adds extra convenience for tenants. Situated in the Virginia Park Historic District (listed on the National Register of Historic Places in 1982), this property enjoys a prime location near Woodward Avenue and the Q-Line, providing easy access to New Center, Midtown, and downtown Detroit.
Whether you're an experienced investor or just entering the Detroit market, this property offers the perfect blend of historic charm, steady income potential, and unbeatable location! New Detroit PILOT program available for an immediate value add opportunity to substantially reduce property taxes! Inquire for more info!
Key Features
- Built in 1911
- 0.19 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$2,808/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
710 Virginia Park Street
Detroit, MI 48202
Peerless Add 2
Property Details
Construction
Heating
Questions & Answers
This 7-bedroom, 8-bathroom residential multi family at 710 Virginia Park Street is listed at $525,000 ($102/sqft). The estimated monthly payment is $2,275 based on 20% down at 6.5% interest.
Key features include: Built in 1911, 0.19 acre lot, 2 stories.
This property is listed by Daniel DeKeyser and can be reached at (313) 886-9033 or danny.dekeyser@sarosres.com.
