Address
2623 Cochrane Street, Detroit, MI
Price
$ 1,575,000
Property Attributes
  • ID#20230101738
  • TypeMulti-Family
  • CountyWAYNE
  • CityDetroit
  • AreaDet South Of Grand River
  • NeighborhoodPLAT OF PC 27 LOGNON FARM
  • Zip48216
  • StyleContemporary
  • Price$ 1,575,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Sqr Footage1100
  • Lot Size0.07 Acres
Data Source:
RealComp
Property Description

Fantastic Investment Opportunity in North Corktown! This newly constructed 6-unit apartment complex is ideally situated just minutes from Ford Central Station, top-notch dining, shopping, and the vibrant heart of downtown Detroit. These two separate 3-unit buildings are perfectly suited for lucrative short-term rental opportunities. Each unit is thoughtfully designed with contemporary finishes, ensuring tenant satisfaction and maximizing rental income. The proximity to Ford Central Station and downtown Detroit ensures a constant stream of potential tenants, whether they be business travelers, tourists, or city dwellers looking for convenience and style.North Corktown is a burgeoning neighborhood with a unique blend of historic charm and revitalization. This presents a remarkable opportunity for long-term appreciation in property value, making it a smart addition to any investment portfolio.

Price History
1/8/2024 Listed $1,575,000

General Features

Interior Features ENERGY STARĀ® Qualified Window(s),Programmable Thermostat
Sewer Sewer at Street
Heating ENERGY STARĀ® Qualified Furnace Equipment,Forced Air
Possession At Close
Pets Allowed Yes
Zoning Multi-Family
Gross Scheduled Income 0.00
Full Baths 10
Year Built 2023
Property Type Multifamily
Subdivision Name PLAT OF PC 27 LOGNON FARM (PLATS)
Transaction Type Sale
OccupantName Kevin Hill
Status Active
Short Sale No
Construction Materials Stucco,Vinyl
Cumulative Days on Market 162
MLS Area Det South Of Grand River
Directions Service Drive to Cochrane. North on Cochrane just past Pine Street on West Side of Street.
City Detroit
Terms Offered Cash,Conventional
School District Detroit
Ownership Status Short Sale - No,Private Owned
Total Sq Ft 1100
DOM 162
Legal Description W COCHRANE 212 PLAT OF LOGNON FARM L2 P5 PLATS,W C R 8/29 31 X 100

Interior Features

Heating Fuel Natural Gas
Total Units 6
Lock Box Type Appointment
Total Baths 10.00

Exterior Features

Lot Size Area 0.07
Water Source Water at Street
Frontage Feet 31
Foundation Slab
Lot Size Dimensions 31 x 100
Road Frontage Type Paved
Architecture Level 2 Story
Architecture Style Contemporary

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via Remerica Hometown One and The Originating MLS(found above), © 2024 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of June 25, 2024 9:30 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Multi-Family Average in 48216

Price
AVG $720K
$1.58M
Visits
AVG 186
273
Data Provided by Inside Real Estate®
Year Built
AVG 1930
2023

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