About 14440 Frankfort Street
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!
Features of 14440 Frankfort Street
| MLS® # | 20261026593 |
|---|---|
| Price | $800,000 |
| Bathrooms | 32.00 |
| Full Baths | 32 |
| Square Footage | 32,934 |
| Acres | 0.75 |
| Year Built | 1958 |
| Type | Multifamily |
| Sub-Type | Common Entry Building |
| Style | Common Entry Building |
| Status | Active |
Community Information
| Address | 14440 Frankfort Street |
|---|---|
| Area | 05055 - Det Con-Mors/Grat. Hstn/7 Mack |
| Subdivision | JEFFERSON PARK LAND CO LTD 1 |
| City | Detroit city |
| County | Wayne |
| State | Michigan |
| Zip Code | 48224 |
Amenities
| Utilities | Above Ground Utilities |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Hot Water, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Lighting |
|---|---|
| Construction | Brick |
| Foundation | Basement, Poured |
School Information
| District | Detroit |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Century 21 Curran & Oberski |
|---|---|
| Contact Info | georgejarrous.c21@gmail.com |