Detroit, MI 48208 1531 W Warren Avenue

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Presented By: Ishma Best at Prep Realty - (313) 855-7737
  • MLS# 24057122
  • 10/31/2024
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Home Details

Located on a beautiful tree-lined block in the highly sought-after Woodbridge neighborhood, this 4-unit property is a prime investment opportunity. Each unit features 1 bedroom and 1 bathroom, offering cozy living spaces perfect for tenants looking to be near the heart of Detroit. With its proximity to Wayne State University, Henry Ford Hospital, Detroit Medical Center, and vibrant local restaurants, shops, and parks, this property is a magnet for tenants. Three of the four units are currently rented, generating a strong monthly income of over $4,000 when fully occupied. This property is ideal for investors seeking steady cash flow in a desirable area with high rental demand. Don't miss this chance to own a multi-unit gem in one of Detroit's most thriving neighborhoods!
Presented By: Ishma Best at Prep Realty - (313) 855-7737

Interior Features for 1531 W Warren Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
BasementFull
Basement (Y/N)Yes
Heating Y/NYes
Total Fireplaces1

General for 1531 W Warren Avenue

Additional Parcels Y/NNo
CityDetroit
Construction MaterialsBrick
CoolingNone
CountyWayne
DirectionsSouth on Trumbull to W. Warren. Make a right on W. Warren.
Electric On Property Y/NNo
HeatingForced Air
High School DistrictDetroit
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionE COMMONWEALTH 8 BLK 18 AVERY & MURPHYS SUB L9 P42 PLATS, W C R 8/52 57.93 X 130
Listing TermsCash, Conventional, Contract
Lot Size Square Feet7405.0
Lot Size UnitsAcres
MLS AreaWayne County - 100
MLS Area MinorWayne County - 100
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-16T15:45:57Z
New ConstructionNo
Number Of Units Total4
OwnerPaysWater, Sewer, Gas
PossessionClose Of Escrow
Property Subtype2 to 4 Units
Property TypeMulti Family
Rent Control Y/NNo
Senior CommunityNone
Standard StatusActive
StatusActive
Tax Annual Amount20067.0
Tax Assessed Value263056
Tax Year2024
Tenant PaysWater, Trash, Sewer
TownshipDetroit City
UtilitiesNatural Gas Connected
Waterfront Y/NNo
Year Built1911

Exterior for 1531 W Warren Avenue

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions129 x 28
Lot Size Acres0.17
Lot Size Area0.17
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking0.0

Additional Details

Price History

Caylie Barras

Broker
Price $524,500
MLS#24057122
List Date 10/31/2024
Property Type Multi-Family
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