4417 2ND Avenue

DetroitCity_Wayne, MI 48201

For Sale By Court Appointed Receiver. 121 Total Units between two multifamily properties. Sheridan Court – Four (4) story 66,600 +/- square foot midrise multifamily building that was built in 1919. The property is comprised of 16 studios, 70 -1BR/1BA and 4 -2BR/1BA, with three (3) commercial units and is zoned SD2-special development district. Upgrades include a new boiler, new fire exit doors, interior LED lighting and landscaping. 4417 2nd Ave, Detroit, MI 48201 The Wellesley – Three (3) story 17,905 +/- square foot midrise multifamily building that was built in 1930. The property is comprised of 14 studios and 14 – 1BR/1BA and is zoned R5- medium density residential district. Upgrades include a newer boiler, landscaping and a new roof. 651 W Hancock Street, Detroit, MI 48201 Close Proximity to the Lodge Freeway, Wayne State University, Detroit Institute of Ats, Detroit Historical Museum, Michigan Science Museum and several shops/restaurants. Property includes a NEZ tax abatement that will expire in December 2033 which can save $400k per year. All offers considered.

Listing courtesy of James M Galbraith: 2488650066



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