$ 1,100,000
458 HAGUE Street Detroit, MI 48202
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$ 1,100,000
Est. payment | /mo
10 Baths
4,356 Sqft Lot
$ 1,100,000
Est. payment | /mo
10 Baths
4,356 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240071806
Originating Board Realcomp
Year Built 1910
Annual Tax Amount $1,019
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 125.00 x 36.00
Property Description
This beautifully transformed building in the North End of Detroit includes four impeccably renovated condos with modern layouts and finishes, currently generating strong rents due to their thoughtful design and high-quality finishes. All utilities are separately metered, ensuring ease of management for future owners. The sale includes an adjacent lot at 455 E Philadelphia St (Parcel Number 01002632), offering great potential for future development or use as a tenant amenity to further boost rental income. Contributing to the investment potential, the surrounding area is experiencing significant growth, including developments like The Beauton (retail and residential), newly built townhomes on Marston and John R, and the Detroit Food Commons. This property offers immense investment flexibility: With North End property values appreciating consistently and the area dotted with development at every turn, you can reap the rewards of above-market rents while maintaining the freedom to sell individual units at any time. Additionally, you have the option to develop the adjacent lot, further enhancing the long-term potential of this investment.The property was recently converted to condos and are individually identified as follows:• 458 Hague Unit 1: 01002633001 • 458 Hague Unit 2: 01002633002 • 458 Hague Unit 3: 01002633003 • 458 Hague Unit 4: 01002633004
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Woodward to Hague st
Interior
Heating Forced Air
Cooling Central Air
Exterior
Waterfront No
View Y/N No
Building
Sewer Public
Structure Type Brick
Others
Tax ID W01I002633S002
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by O'Connor Realty Detroit, LLC