1741 Ferry Park St

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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Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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