1565 W Grand Boulevard, Detroit, MI 48208

Detroit
Local realty services provided by:ERA Prime Real Estate Group
1565 W Grand Boulevard,Detroit, MI 48208
$299,900
  • - Beds
  • 4 Baths
  • 3,640 sq. ft.
  • Multi-family
  • Active
Listed by: carlo gobba
Office: exp realty main
MLS#:20261041443
Source:MI_REALCOMP

Price summary

  • Price:$299,900
  • Price per sq. ft.:$82.39

About this home

Solid brick quadplex producing income on West Grand Boulevard. Four 2-bedroom, 1-bath units over a full basement. Three units are leased with tenants in place and the fourth is vacant, so a new owner sets that rent at today's market - the clearest upside in the building. Rents today total $2,050/mo. With all four units at the projected market rent of $850/unit ($3,400/mo), the projected cap rate is approx 7.2% (est. after actual taxes of $6,283/yr, 10% vacancy, 10% management, insurance and reserves; buyer to verify). Mechanicals have been updated: newer furnaces, updated electrical boxes and PEX plumbing throughout. Photos are recent and reflect current condition. A complete investment analysis is attached to the listing documents alongside the disclosures - rent, actual taxes, insurance, management and net income on one page - so this property can be evaluated properly before writing. Tenant parking on the street in front or behind the building. Shown upon accepted offer only;...

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Home facts

  • Year built:1912
  • Subdivision & Development:BELA HUBBARDS SUB
  • Listing ID #:20261041443
  • Added:141 day(s) ago
  • Updated:October 28, 2026 at 10:09 AM

Rooms and interior

  • Total bathrooms:4
  • Full bathrooms:3
  • Half bathrooms:1
  • Basement Description:Full, Unfinished
  • Living area:3,640 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1912
  • Building area:3,640 sq. ft.
  • Lot area:0.12 Acres
  • Architectural Style:Colonial
  • Construction Materials:Brick
  • Foundation Description:Basement, Block
  • Levels:Two

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$299,900
  • Price per sq. ft.:$82.39
  • Tax amount:$6,283
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