Waterfront
Address
1450 6Th Street, Detroit, MI
Price
$ 1,899,000
Property Attributes
  • ID#20230059869
  • TypeMulti-Family
  • CountyWAYNE
  • CityDetroit
  • AreaDet South Of Grand River
  • NeighborhoodLABROSSE FARM
  • Zip48226
  • StyleHistoric,Quadruplex,Triplex
  • Year Built1906
  • Taxes$ 177
  • Price$ 1,899,000
  • Bedrooms10
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage7500
  • Lot Size0.42 Acres
Data Source:
RealComp
Property Description

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 + vacated Labrosse St from 6th to Lodge; 2) 1450 Sixth, a brick 4-unit, occupied, newer roof and boiler, additional space in basement for one or two additional units; 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. The parcels are also part of a Neighborhood Enterprise Zone (NEZ) "New-Rehab" district, which offers frozen taxable value for end users.

Price History
8/15/2023 Listed $1,999,000
11/9/2023 6% - $1,899,000

General Features

Interior Features Laundry Facility
Sewer Public Sewer (Sewer-Sanitary)
Heating Hot Water
Rent Includes Heat,Water/Sewer,Snow Removal,Trash Collection (Garbage Pickup),Water,Yard Maintenance
Possession Negotiable
Pets Allowed Yes
Zoning Commercial,Residential
Gross Scheduled Income 158400.00
Full Baths 8
Year Built 1906
Property Type Multifamily
Subdivision Name LABROSSE FARM (DEEDS)
Transaction Type Sale
OccupantName Jan
Basement Type Unfinished
Status Active
Short Sale No
Parking Total 8
Construction Materials Brick,Wood
Cumulative Days on Market 308
MLS Area Det South Of Grand River
Directions Michigan Ave to 6th St,head south,property is on the left
City Detroit
Terms Offered Cash,Conventional,Warranty Deed
School District Detroit
Ownership Status Short Sale - No,Private Owned
Assessment 0.00
Total Sq Ft 7500
DOM 308
Taxes 177.0000
Legal Description E SIXTH W 40 FT ON S LINE BG W 5 FT ON N LINE OF 6 N 84 FT OF 7 AND VAC LABROSSE ST ADJ BLK 53 LABROSSE FARM W 57.07 FT ON S LINE BG W 21.21 FT ON N LINE OF LOTS 10 & 11 TRIANG PT OF 9 BG W 15.12 FT

Interior Features

Heating Fuel Natural Gas
Basement Y/N Yes
Total Units 8
Lock Box Type Appointment
Total Baths 8.00

Exterior Features

Lot Size Area 0.42
Water Source Public (Municipal)
Foundation Materials Brick/Mortar
Foundation Basement
Lot Size Dimensions irregular
Roof Material White Roof
Road Frontage Type Paved
Water Heater Fuel Natural Gas
Architecture Level 2 Story
Architecture Style Historic,Quadruplex,Triplex

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 48226

Price
AVG $1.9M
$1.9M
Taxes
AVG $177
$177
Visits
AVG 546
546
Data Provided by Inside Real Estate®
Year Built
AVG 1906
1906
Walkscore
AVG 81
81
Data Provided by Walkscore® not using MLS data

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