About 4417 2nd Ave
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.
Features of 4417 2nd Ave
| MLS® # | 20250003563 |
|---|---|
| Price | $12,499,000 |
| Bathrooms | 121.00 |
| Full Baths | 118 |
| Half Baths | 3 |
| Square Footage | 84,505 |
| Acres | 0.00 |
| Year Built | 1919 |
| Type | Multifamily |
| Sub-Type | Colonial |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 4417 2nd Ave |
|---|---|
| Area | 05043 - Det: Livernois-I75 6-Gd River |
| City | Detroit city |
| County | Wayne |
| State | Michigan |
| Zip Code | 48201 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Baseboard, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Brick, Stone, Block, Concrete |
|---|---|
| Foundation | Slab |
School Information
| District | Detroit |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | James M Galbraith |
|---|---|
| Contact Info | mkassab@mshapirorealestate.com |