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About This Home
This 44-bedroom, 32-bathroom residential multi family at 14440 Frankfort Street in Detroit, MI is listed for $800,000 ($24 per sqft). Built in 1958, the home offers 32,934 sqft of living space on a 0.75 acres lot.
32-unit apartment building with strong value-add potential located in Chandler Park. This property offers a total of 32,934 square feet, with a unit mix of 20 one-bedroom units and 12 two-bedroom units. The seller has already completed major capital improvements in 2021, including new windows, a new roof, and new siding, along with plumbing and electrical updates.
The sale also includes 12 newly renovated kitchens, reducing upfront renovation work for the next owner. A recent after-repair value appraisal comes in at 1.9 million. This is an excellent 1031 exchange opportunity with significant upside potential for investors looking to expand or reposition a multifamily asset in a growing area. Call now to schedule a tour!
Key Features
- Built in 1958
- 0.75 acre lot
- 3 stories
Property Details
Monthly Cost Estimate
$4,279/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
14440 Frankfort Street
Detroit, MI 48224
Jefferson Park Land Co Ltd 1
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Heating
Questions & Answers
This 44-bedroom, 32-bathroom residential multi family at 14440 Frankfort Street is listed at $800,000 ($24/sqft). The estimated monthly payment is $3,467 based on 20% down at 6.5% interest.
Key features include: Built in 1958, 0.75 acre lot, 3 stories. Interior Features: 220 Volts, Circuit Breakers. Exterior Features: Fenced.
This property is listed by Jiryes Jarrous and can be reached at (855) 450-0442 or georgejarrous.c21@gmail.com.