On Market

1741 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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