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
UpdatedOctober 24th, 2025
TypeOthers
Price$490,000
Building4,934 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


Financials


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