1948 Virginia Park St

Off Market: 1948 Virginia Park Detroit, MI 48206 (Turnkey Two Family)

1948-52 Virginia Park Detroit, MI 48206

2bed 1bath (each unit)

2470 sqft

Basement

Great block

Upper unit: New tenant just moved in. August 2026 @ $1200/mo.

Lower unit has a delinquent tenant (Currently in the eviction process; awaiting a removal date from county sheriff within the next 14 days)

Total renovation completed in 2025

*New roof, windows, HVAC, plumbing, electrical, kitchens, bathrooms, flooring, porch etc

Market rent: $1400/mo. per unit.

Location:

Two 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.

Compelling opportunity for investors to maximize value in one of Detroit’s most active revitalization corridors.

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

Vacant Unit Exit Strategy:

Mid-Term Rental - 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.

Pics: https://drive.proton.me/urls/6SPB12F3BM#irw0MijxdzkF

Starting: $289K

Viewing by appt.

We are selling our assignable interest.