For sale
$610,000
Multifamily property
8,184 SF building1.03 acres lot
$75/SF (asking price ÷ building area)
- Sprinkler system
42280 Willson Memorial DriveChassell, MI 49916
Listing courtesy of Great Lakes & Land Real Estate · MyStateMLS #11793137
For sale
$425,000
5,160 SF building0.1 acre lotBuilt 1926
7430 AlaskaDetroit, MI 48204
Multifamily property · MLS 11898263 · Listed 99 days ago (Jul 28, 2026)
Active: Listed and available according to the MyStateMLS feed.
About this property
Exceptional opportunity to acquire a fully renovated 8-unit multifamily asset with immediate cash flow and additional value-add potential. Extensive capital improvements have significantly reduced future maintenance expenses, including renovated unit interiors, updated plumbing, 56 new windows, six new furnaces, six new water heaters, renovated common areas, and exterior improvements. Each unit features updated kitchens, bathrooms, flooring, doors, fixtures, and appliances, providing a turnkey investment with strong tenant appeal and the ability to attract and retain quality residents. Investors can further increase NOI by activating the currently unused basement space for coin-operated laundry and tenant storage, creating additional income streams with minimal capital investment. Located just two blocks from the Joe Louis Greenway and only 10-15 minutes from Downtown Detroit, Midtown, and major employers and retailers, the property benefits from a highly accessible location that supports long-term rental demand. With substantial recent renovations already completed and built-in upside through ancillary income opportunities, this asset offers an attractive combination of stabilized cash flow, reduced capital expenditure risk, and future revenue growth.
Description provided by the listing brokerage.
Key facts
- Asking price
- $425,000
- Status
- For sale
- Property type
- MultifamilyFrom the MLS property class
- Building area
- 5,160 SFSource field LivingArea
- Land area
- 0.1 acresSource field LotSizeSquareFeet
- Year built
- 1926
- MLS number
- 11898263
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $425,000
- Price per SF of building
- $82/SFAsking price ÷ 5,160 SF reported building area
- Annual taxes
- $15,000
Building and site
- Stories
- 2
- Year renovated
- 2026Source field RenovationYear_C
- Reported zoning
- Multi-FamilyAs reported by the listing. Confirm permitted uses for your plans with the local zoning authority.
- County
- Wayne County
Reported features
- Natural gas (from a listing field)
- Public water (from a listing field)
A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.
Listing details
Flooring
- Vinyl
Basement
- Partially Finished
Heating
- Forced Air
- Natural Gas
- Gas
Construction
- Brick
Water
- Public (Water Source)
Sewer
- Other
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Detroit or multifamily property in Detroit.
Why this listing is on Commercial Only
- Multi-unit income property class. (PropertyTypeDetail: multi-5-plus)
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Price and status history
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Guides
Listing courtesy of RE/MAX Connection - Detroit. Listing agent: Dennis Jakub. Listings provided by MyStateMLS.
Listing last modified at the source Sep 29, 2026, 2:51 AM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 10:30 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.