$199,000

1561 Webb Street, Detroit, MI 48206

  • 8,648 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.36acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $23/sqft
  • Property List Date Icon Listed 6 days ago

Property Description

8-unit brick multi-family investment opportunity in Detroit. Property features a new roof and has been fully interior demoed down to the studs, providing a true blank slate for redevelopment and value-add potential. Seller/agent has a full scope of work available, including a project proposal from a licensed contractor with detailed plans, unit layouts, and modern finish concepts for each unit, allowing investors to move forward with a clear renovation vision and execution plan. Projected market rents estimated between $950–$1,200 per unit once completed. Ideal for investors, buy-and-hold, or portfolio expansion strategies seeking strong future cash flow and appreciation.

Listing Status:
Active
Date Added:
February 13, 2026
Data Last Updated:
February 16, 2026 at 7:45AM
Listing Office:
EXP Realty Main : 888-501-7085
Listing Agent:
Jennifer Aparicio-Zavalza : 313-350-3731
MLS ID:
60968733
  • General: BrickBasement
  • Road/Access: Paved
  • Originating MLS: MiRealSource
  • County: Wayne
  • Zoning: S WEBB W 36.2 FT ON N LINE BG W 35 FT ON S LINE 103 102&101 R OAKMANS HAMILTON BLVD SUB L29 P37 PLATSW C R 6/156 152.7 IRREG
  • Water: Public
  • Source: MiRealSource

This listing courtesy of Jennifer Aparicio-Zavalza , EXP Realty Main

Monthly Payment

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

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Location

Schools Nearby

D

Durfee Elementary-Middle School

2425 Tuxedo St, Detroit, MI, 48206

Grades KG-8

0.52 miles away

D

Durfee Elementary-Middle School

2425 Tuxedo St, Detroit, MI, 48206

Grades KG-8

0.52 miles away

C

Central Academy and High School

2425 Tuxedo St, Detroit, MI, 48206

Grades 9-12

0.52 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.

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