$1,000,000

18059 Hoover Street, Detroit, MI 48205

  • 16 beds |
  • 16 baths |
  • 10,590 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon0.46acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $94/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

Calling all investors! 16-unit apartment complex featuring all one-bedroom, one-bath units. Extensively updated with new plumbing, updated electrical, newer windows, and brand-new furnaces. Half the units offer electric baseboard heat, while the others have individual furnaces. Tenants pay gas and electric, keeping operating costs low. Units have been renovated with updated kitchens and baths, new flooring, fresh paint, and stainless steel appliances. 90%+ occupied and generating a strong 12% cap rate. Property has completed Step 1 of the Pilot Program, with seller working toward full approval with two steps remaining. Don't miss this great investment opportunity!

Listing Status:
Active
Data Last Updated:
February 28, 2026 at 7:41AM
Listing Office:
Keller Williams Paint Creek : 2486098000
Listing Agent:
Justin Zehel : 2489793466
MLS ID:
58050199868
  • Heating: BaseboardElectricNatural gasOther heating sourceSeparate meters
  • General: TwoBasement
  • Originating MLS: MiRealSource
  • School District: Detroit
  • County: Wayne
  • Zoning: W HOOVER 19 THRU 10 AND E 10 FT OF VAC ALLEY ADJ ONAHOME SUB L60 P56 PLATSW C R 17/532 200 X 99.85A170139994008
  • Water: Public
  • Sewer: Public sewer
  • Source: MiRealSource

This listing courtesy of Justin Zehel , Keller Williams Paint Creek

Monthly Payment

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

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Location

Schools Nearby

B

Brenda Scott Academy

18440 Hoover St, Detroit, MI, 48205

Grades PK-8

0.12 miles away

B

Brenda Scott Academy

18440 Hoover St, Detroit, MI, 48205

Grades PK-8

0.12 miles away

O

Osborn High School

11600 E 7 Mile Rd, Detroit, MI, 48205

Grades 9-12

0.40 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.