1450 6th St - Apartments CONDO FOR SALE


Detroit, MI 48226- Corktown
$1,799,000 USD
313-319-1370
1450 6th St, Detroit, MI for Sale
$1,799,000 USD
Apartments CONDO - FOR SALE
1/83
null | Request Cap Rate

1450 6th St
Detroit, MI 48226
Corktown


HIGHLIGHTS

  • In an Opportunity Zone
  • A developer’s opportunity for immediate cashflow, reactivation of the vacant structures, and vacant land for redevelopment.
  • The zoning is B6, General Services District, which allows residential, commercial and mixed use purposes.

OVERVIEW

The Definitive Corktown Collection: a group of properties of various architectural styles exemplary of Corktown, in the heart of the neighborhood, and adjacent to the central business district and Riverfront. A developer’s opportunity for immediate cashflow, reactivation of the vacant structures, and vacant land for redevelopment. This site is in an Opportunity Zone and Neighborhood Enterprise Zone (New/Rehab). The package is made of four separate pieces: 1) Triangle-shaped vacant land to the north; 2) across vacated Lobrosse St at 1450 Sixth, a brick 4-unit, occupied, newer roof and boiler, additional space in basement for fifth unit; 3) the “House Next Door,” at 1440 Sixth, a rare example of Greek Revival architecture, needing complete renovation and stabilization; 4) the Worker’s Row House at 1430 Sixth, originally a 3-unit tenement house, with roof, structure and exterior fully stabilized; There is additional land behind this structure that could be a great location for additional residential or carriage house. This location is walkable to the restaurants lining Michigan Avenue and one mile to Ford’s Michigan Central Innovation District. Most of the offering is combined under tax ID 06004564-743, except 1430 6th the Worker’s Rowhouse, which is tax id 06004563. The properties are part of the Corktown historic district. The zoning is B6, General Services District, which allows residential, commercial and mixed use purposes.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

7,500 SF

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,058 SF

ZONING

Commercial, Residential

APN/PARCEL ID

06-004564-743

ASK ABOUT THIS PROPERTY

Jan DijkersBerkshire Hathaway HomeServices|The Loft WarehouseMore Info
313-319-1370

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Jan DijkersBerkshire Hathaway HomeServices|The Loft WarehouseMore Info
313-319-1370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.