1602 Bagley Sold

Built in 1920, Beyster Terrace is an 18-unit multi-family building located in the heart of Historic Corktown. It is within walking distance of all the neighborhood’s restaurants and retail, as well as Ford Motor Company’s nearly $1 billion Corktown Campus, which is expected to bring over 5,000 employees to the neighborhood. Spread out between two buildings that share a private, fenced courtyard, the exterior features charming architectural details in the brickwork. The first-floor apartments have private basement access, with ten apartments on Bagley and eight apartments on 10th Street. Fifteen of the apartments are currently occupied, with ten units being fully renovated, including modern kitchens, flooring, bathrooms with subway tile, refreshed paint, and some mechanical updates. The three unrenovated units allow new ownership to add value.

Neighbors

Ford Motor Company, Michigan Central Station, Ford Motor Co.’s Book Depository, Alpino, Folk, Meta Physica Wellness Center, Rocket Data Center, Level 3 Communications, Southwest Greenway, Honeybee Market, Slows BBQ, Airspace Link, New Lab Michigan Central, Detroit Bus Company, IMA, Metropolis Cycles, Mercury Burger Bar, Grandma Bob’s, Corktown Health Center, Detroit Public Safety Academy and UPS Detroit International Import Hub.

Features

• Located in Corktown, one of Detroit’s strongest rental market
• Located within a qualified Opportunity Zone
• Additional 3,010 square feet locate at 1622 Bagley can be purchased as a package