900 E Grand Boulevard, Detroit, MI
Others for Sale - $490,000 - 4,934 Sq. Ft.
Agent Info
| George Jarrous CENTURY 21 Curran & Oberski |
Property Info
| CIMLS# | 1183152 |
| Location 900 E Grand Boulevard Detroit MI 48207 | |
| Updated | October 24th, 2025 |
| Type | Others |
| Price | $490,000 |
| Building | 4,934 Sq. Ft. |
Property Description
Fully-occupied 5-unit apartment building producing $62,400/year in gross rental income. Consisting of
four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at
$1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing
strong upside potential in Detroit's revitalizing Islandview / West Village corridor.
Highlights
• 100% occupancy with stable tenants
• Below market rent – significant upside
• Cap rate 8.3% with growth potential to 10%
• Landlord only pays water – low expense ratio
• Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit
• Updated interiors and long-term tenant stability



