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4417 2ND Avenue, Detroit, MI 48201

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For Sale

$1

118 baths • 3 half baths • 84,505 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

For Sale By Court Appointed Receiver. 121 Total Units between two multifamily properties. Sheridan Court Four (4) story 66,600 +/- square foot midrise multifamily building that was built in 1919. The property is comprised of 16 studios, 70 -1BR/1BA and 4 -2BR/1BA, with three (3) commercial units and is zoned SD2-special development district. Upgrades include a new boiler, new fire exit doors, interior LED lighting and landscaping. 4417 2nd Ave, Detroit, MI 48201 The Wellesley Three (3) story 17,905 +/- square foot midrise multifamily building that was built in 1930. The property is comprised of 14 studios and 14 1BR/1BA and is zoned R5- medium density residential district. Upgrades include a newer boiler, landscaping and a new roof. 651 W Hancock Street, Detroit, MI 48201 Close Proximity to the Lodge Freeway, Wayne State University, Detroit Institute of Ats, Detroit Historical Museum, Michigan Science Museum and several shops/restaurants. Property includes a NEZ tax abatement that will expire in December 2033 which can save $400k per year. All offers considered.
MLS# 20250003563

Courtesy Of James Galbraith
31550 Northwestern Highway, Suite 220, Farmington HIlls, MI 48334
(248) 865-0066

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Colonial
  • Exterior Type
    Block, Brick, Stone
  • Heating System
    Baseboard

Map and Directions

Directions to 4417 2ND Avenue, Detroit, MI 48201

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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