Address
2933 2Nd Avenue, Detroit, MI
Price
$ 3,999,999
Property Attributes
  • ID#20240001555
  • TypeMulti-Family
  • CountyWAYNE
  • CityDetroit
  • AreaDet - Livernois-I75 6-Gd River
  • NeighborhoodPT OF CASS FARM SUB BY J F MUNRO SUR
  • Zip48201
  • StyleHistoric
  • Year Built1924
  • Taxes$ 570
  • Price$ 3,999,999
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage21718
  • Lot Size0.15 Acres
Data Source:
RealComp
Property Description

Ava Pavlina is pleased to present this 25,000 SF, residential zoned re-development opportunity in the heart of Midtown, Detroit! This 4 story, brick building has the potential to become a hostel, apartments, hotel, condos and more! Walking distance to the Masonic Temple, Cass Park, Wayne State University- As well as Downtown Detroit ~ Comerica Park, Ford Field, Little Caesars Arena, Fox Theatre, Motor City Casino, MGM Grand, Detroit Medical Center, Detroit Institute and more! Framed out for 120 bed hostel with potential for a bar/restaurant lounge on the Garden level. Possibility of also holding 52 units as an apartment building. A brand new roof and historically approved windows have already been installed. The city of Detroit has implemented many incentives to encourage and support development in this area of Detroit. This includes tax credits and grants, making it easier and more financially advantageous to bring your vision to life! Needs new electrical and plumbing.

Price History
1/9/2024 Listed $5,299,999
2/8/2024 6% - $4,999,999
3/13/2024 5% - $4,799,999
3/21/2024 17% - $3,999,999

General Features

Net Operating Income 0.00
Sewer 3rd Party Unknown
Heating Other
Possession At Close
Pets Allowed Yes
Zoning Commercial,Multi-Family
Operating Expense 0.00
Gross Scheduled Income 0.00
Full Baths 2
Year Built 1924
Property Type Multifamily
Subdivision Name PT OF CASS FARM SUB BY J F MUNRO SUR
Transaction Type Sale
OccupantName Ava Pavlina
Basement Type Unfinished,Walkout Access
Status Active
Short Sale No
Construction Materials Brick
Cumulative Days on Market 164
MLS Area Det: Livernois-I75 6-Gd River
Directions Off of Woodward onto Second ave.
City Detroit
Terms Offered Cash,Conventional
School District Detroit
Ownership Status Short Sale - No,Private Owned
Assessment 0.00
Total Sq Ft 21718
DOM 164
Taxes 570.0000
Legal Description W SECOND N 65 FT 18 N 65 FT 17 BLKS 84 CASS FARM L1 P131 PLATS,W C R 4/123 65 X 100

Interior Features

Basement Y/N Yes
Total Units 52
Lock Box Type Appointment
Total Baths 2.00

Exterior Features

Lot Size Area 0.15
Water Source None
Foundation Materials Brick/Mortar
Frontage Feet 65
Foundation Basement
Lot Size Dimensions 65.00 x 100.00
Road Frontage Type Paved
Architecture Level 4-10 Story
Architecture Style Historic

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 12:05 PM 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 48201

Price
AVG $2.81M
$4M
Taxes
AVG $3,852
$570
Visits
AVG 350
392
Data Provided by Inside Real Estate®
Year Built
AVG 1923
1924

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