Sold
715 Parker Street
Detroit MI, 48214
$900,000
$151.67 per sqft
Sold
5,934 sqft
Commercial
Built in 1922
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.
2200037657
MLSⓇ ID
February 15, 2024
Updated
Map
715 Parker Street
Detroit MI, 48214
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.2 Acres
School Information
School District
Detroit
Other Property Details
Area Name
Det Woodward-Mcclellan/So Mack
Taxes
$2,723
Tax Frequency
Annually
Days on Market
126
Garage
No
View
No
County
Wayne
Pool
No
Zoning
Multi-Family
Courtesy of O'Connor Realty
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Originating MLS:
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Data last updated 11:45 PM UTC, 2/15/2024