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Off-Market Detroit Multifamily Opportunity + Buildable Side Lot

📍 1930 Lamothe St, Detroit, MI 48206
📍 1936 Lamothe St, Detroit, MI 48206 (Side Lot)

💰 Package Price: $169,000
📈 Projected ARV: ~$450,000

Property Overview

This off-market brick 4-unit multifamily property sits in a rapidly redeveloping pocket of Detroit just a few blocks from the Motown Museum and Henry Ford Hospital. The location benefits from strong demand driven by nearby Midtown, Wayne State University, Detroit Medical Center, and downtown Detroit, with multiple new residential developments underway in the surrounding area.

The offering includes both the 4-unit building and an adjacent buildable lot, creating a compelling opportunity for investors or developers seeking to maximize value in one of Detroit’s most active revitalization corridors.

Multifamily Property Details

📍 1930 Lamothe St

• 4 Units – each 1 Bed / 1 Bath
• Approx. 3,188 Sq Ft total
• Brick construction
• Separate metered utilities
• On-street parking

Condition

The property is distressed and requires a full renovation.

Notable issues include:

• The enclosed rear porch addition stairwell has collapsed and will need to be rebuilt
• Interior likely requires complete remodel and system updates
• Building appears to have solid structural bones, typical of older Detroit brick construction
• Property has been vacant or poorly maintained for some time

A full rehab scope should be expected, including:

• Structural repair of rear stairwell
• Interior renovation across all units
• Mechanical updates (HVAC, plumbing, electrical as needed)
• Cosmetic improvements throughout

Despite its condition, the large brick structure provides a strong base for repositioning.

Buildable Side Lot

📍 1936 Lamothe St

• 0.099 Acres
• 4,312 Sq Ft
• Dimensions: 125 ft depth × 35 ft frontage

This parcel offers excellent development potential, suitable for:

• New 2–4 unit multifamily construction
• Additional rental property
• Parking or amenity space supporting the existing building

Investment Highlights

✔ Prime redevelopment corridor near Midtown
✔ Walking distance to Motown Museum & Henry Ford Hospital
✔ Near Wayne State University and Detroit Medical Center
✔ Strong demand from traveling nurses, medical professionals, and short-term tenants
✔ Opportunity to develop the adjacent lot for additional units
✔ Large 3,188 sq ft brick building with solid bones

Potential Exit Strategy

Mid-Term Rental Strategy

Given the proximity to major medical and educational institutions, the property could be repositioned as mid-term furnished rentals catering to:

• Traveling healthcare professionals
• Visiting faculty and graduate students
• Corporate and medical housing

This strategy often produces higher monthly returns than traditional long-term rentals.

Deal Summary

• Package Price: $159,000
• Assets Included: 4-Unit Building + Buildable Side Lot
• ARV: ~$450,000 after full renovation
• Rehab Level: Full / Heavy Rehab

 

Seller contact:

• Travis McKee
• mckee@plainviewhaven.com
• (313) 405-9275

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Resources:

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