$1,075,000

1197 VIRGINIA PARK Street, Detroit, MI 48202

  • 18 baths |
  • 16,546 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1916
  • Property Lot Size Icon0.32acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $65/sqft
  • Property List Date Icon Listed 18 hours ago

Property Description

Excellent investment opportunity in Detroit’s desirable Virginia Park neighborhood, located within an Opportunity Zone! This well-maintained 9-unit townhouse-style multifamily property in the New Center area offers strong rental potential and long-term upside. The building features a diverse unit mix including six 2-bedroom units, two spacious 5-bedroom units, and one 4-bedroom unit—ideal for maximizing rental income. All units are currently occupied, providing immediate cash flow. Significant updates include a freshly painted exterior (2025) and brand-new gutters (2025). Multiple units have been remodeled in 2024–2025, enhancing overall appeal and value. Each unit is equipped with central air conditioning, newer furnaces, hot water tanks, and updated appliances, including in-unit washers and dryers. Additional features include semi-finished basements, ADT alarm systems, and an exterior security camera system. Owned and professionally managed for over 20 years, this property reflects consistent care and attention. Conveniently located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways, making it highly attractive to tenants. Turnkey, fully occupied, and positioned in a high-demand area—this is a rare opportunity to add a solid performing asset to your portfolio. 16,546 Est Tot Fin: includes basements each with own baths.

Listing Status:
Active
Data Last Updated:
April 3, 2026 at 10:41PM
Listing Office:
Keller Williams Somerset : 2486497200
Listing Agent:
James T Silver : 2485307292
MLS ID:
20261017989
  • Basement: FinishedPrivate
  • Heating: Forced airNatural gas
  • General: Private entrance
  • Style: Other
  • Pool: None
  • Roofing: Energystar shingles
  • General: BrickTwoBasementBrick mortar
  • Road/Access: Paved
  • Originating MLS: Realcomp II Ltd
  • School District: Detroit
  • County: Wayne
  • Zoning: S VIRGINIA PARK 24-25 VIRGINIA PARK SUB L28 P80 PLATSW C R 6/125 80 IRREGW06I001766S
  • Water: Public
  • Sewer: Public sewer
  • Source: Realcomp II Ltd

This listing courtesy of James T Silver , Keller Williams Somerset

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Thirkell Elementary-Middle School

7724 14th St, Detroit, MI, 48206

Grades KG-8

0.56 miles away

T

Thirkell Elementary-Middle School

7724 14th St, Detroit, MI, 48206

Grades KG-8

0.56 miles away

D

Detroit International Academy for Young Women

9026 Woodward Ave, Detroit, MI, 48202

Grades PK-12

0.84 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.