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Off-Market
Detroit, MI 482081741 Ferry Park St
Detroit, MI 48208, USA
List price
$1,300,000
$•••,•••
5+ unit multi-family
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Story
NOT ELIGIBLE FOR FINANCING FROM OFF MARKET CAPITAL
🔥 Detroit 24-Unit Redevelopment Opportunity | Midtown Adjacent | Massive Upside 🔥
Price: $1,300,000
Property Overview
Rare opportunity to acquire a 24-unit multifamily asset located one block from the Motown Museum in a rapidly transforming Detroit corridor. Positioned within a $3B+ redevelopment zone, this property offers substantial upside for experienced investors and developers.
Asset Details
-
24 Units Total
- 12 × 2-Bedroom Units
- 12 × 1-Bedroom Units
- 22,185 Sq Ft
- 9,017 Sq Ft Lot
- Year Built: 1924
Location Highlights
Situated in a high-growth pocket near major institutional investment:
- Steps from Motown Museum
- Near Henry Ford Hospital expansion
- Close to Michigan State University projects
- Minutes to Wayne State University & Downtown Detroit
- Surrounded by ongoing mixed-use and residential redevelopment
- Proximity to sports & entertainment venues
Condition & Scope
- Full gut rehab required
- Vacant for ~10 years
- Severe distressed condition
- Foundation appears solid
- Dry basement with no debris
Investment Thesis
- Prime candidate for full-scale redevelopment
- Opportunity to reposition into a stabilized, high-value multifamily asset
- Strong long-term appreciation driven by surrounding institutional capital
- Ideal for developers targeting workforce or market-rate housing
Deal Highlights
- Large unit count in a high-demand urban corridor
- Located in one of Detroit’s most aggressively redeveloping areas
- Significant value creation potential post-renovation
📸 Photos:
https://drive.proton.me/urls/YB5F0CQWSR#eZa01FrD8g3R
⚡ Institutional-quality opportunities in this location are rare — serious developers should move quickly.
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Property details
2 property details
Property
· The bones — what the buyer sees first
Property type
5+ unit multi-family
History & terms
· Past sales, updates, and deal mechanics
Reason for sale
Other
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