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About This Home

This 0-bedroom, 0-bathroom commercial at 1197 VIRGINIA PARK Street in Detroit, MI is listed for $1,075,000 ($65 per sqft). Built in 1916, the home offers 16,546 sqft of living space on a 0.32 acres lot.

Agent Description

Excellent investment opportunity in Detroit’s desirable Virginia Park neighborhood, located within an Opportunity Zone! This well-maintained 9-unit townhouse-style multifamily property in the New Center area offers strong rental potential and long-term upside.

The building features a diverse unit mix including six 2-bedroom units, two spacious 5-bedroom units, and one 4-bedroom unit—ideal for maximizing rental income. All units are currently occupied, providing immediate cash flow.

Significant updates include a freshly painted exterior (2025) and brand-new gutters (2025). Multiple units have been remodeled in 2024–2025, enhancing overall appeal and value. Each unit is equipped with central air conditioning, newer furnaces, hot water tanks, and updated appliances, including in-unit washers and dryers. Additional features include semi-finished basements, ADT alarm systems, and an exterior security camera system.

Owned and professionally managed for over 20 years, this property reflects consistent care and attention. Conveniently located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways, making it highly attractive to tenants.

Turnkey, fully occupied, and positioned in a high-demand area—this is a rare opportunity to add a solid performing asset to your portfolio. 16,546 Est Tot Fin: includes basements each with own baths. New Occupancy Permit as of April 2026

Key Features

  • Built in 1916
  • 0.32 acre lot
  • 2 stories

Property Details

2 stories
1916

Monthly Cost Estimate

$5,749/mo

20% down · 6.5% · 30 years

Principal$777
Interest$4,658
Insurance$314

Estimates only. Actual payments may vary.

Location

1197 VIRGINIA PARK Street

Detroit, MI 48202

VIRGINIA PK SUB OF PT OF1/4 SEC 55 TTAT

Property Details

Construction

Brick

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1197 VIRGINIA PARK Street is listed at $1,075,000 ($65/sqft). The estimated monthly payment is $4,658 based on 20% down at 6.5% interest.

Key features include: Built in 1916, 0.32 acre lot, 2 stories.

This property is listed by James T Silver and can be reached at 2485307292 or silverteam01@gmail.com.

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JS

James T Silver

Agent at Keller Williams Somerset

(248) 530-7292

Listed by Keller Williams Somerset · View on Broker Site

MLS# 20261018059· Source: listhub· Updated 21 days ago

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1197 VIRGINIA PARK Street, Detroit, MI 48202

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