About 900 E Grand Boulevard
Fully-occupied 5-unit apartment building producing $62,400/year in gross rental income. Consisting of four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at $1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing strong upside potential in Detroit’s revitalizing Islandview / West Village corridor. Highlights • 100% occupancy with stable tenants • Below market rent – significant upside • Cap rate 8.3% with growth potential to 10% • Landlord only pays water – low expense ratio • Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit • Updated interiors and long-term tenant stability
Features of 900 E Grand Boulevard
| MLS® # | 20251047515 |
|---|---|
| Price | $490,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,934 |
| Acres | 0.30 |
| Year Built | 1905 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 900 E Grand Boulevard |
|---|---|
| Area | 05043 - Det: Livernois-I75 6-Gd River |
| Subdivision | ASSESSORS OF LTS 1 TO 65 INCL PT 66 ETC |
| City | Detroit city |
| County | Wayne |
| State | Michigan |
| Zip Code | 48207 |
Amenities
| Parking | Parking Lot, On Site |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Construction | Vinyl Siding |
|---|---|
| Foundation | Basement, Block |
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 |