715 Parker St, Detroit

$1,050,000

0 Beds
0 Baths
5,934 Sqft
.2 Acres
0 Garages

We are pleased to offer the sale of 715 Parker Street. Located on Parker Street between East Jefferson Avenue and East Lafayette Street in Detroit's highly desirable West Village neighborhood. The property contains a gross square footage of approximately 5,934 SF. The 2-story building has 9 total units, consisting of (5) 1 bedroom units, including a penthouse unit that is 1,296 SF, and (4) studio units. The all brick, Georgian Revival structure was built in 1922 and has the classic historic charm that is present in West Village. Many of the units have been fully renovated in recent years. Each unit has separate HVAC (New 2011), New roof, and electrical 2011. Below market rents allow a future owner to add immediate value. Year 1 Projections: 7.83% Cap.

Essential Information
MLS® #2200037657
Price$1,050,000
Square Footage5,934
Acres0.20
Year Built1922
TypeCommercial
Sub-TypeApartments
StatusActive
Community Information
Address715 Parker St
SubdivisionPARKERS RESUB (PLATS)
CityDetroit
CountyWayne
StateMI
Zip Code48214
Area

05053-Det Woodward-Mcclellan/So Mack

Interior
HeatingForced Air
Exterior
ExteriorBrick
FoundationBasement
School Information
DistrictDetroit
Additional Information
ZoningMulti-Family
Listing Details
OfficeO'Connor Realty
LISTING MAP

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