4847 Baldwin

Located on Baldwin Street just north of The Villages neighborhood,The Balren apartment building is within close proximity to Downtown Detroit and all major highways. Built in 1925, the three-story brick building has seen substantial renovations and presents a value-add investment opportunity with potential for more than $300,000 in gross income.

List of improvements permitted and approved by BSEED include in-wall and underground plumbing, mechanical, electrical, new split units installed and new framing completed for 13 of 26 units. There’s a new laundry room with new concrete slab in basement.

The building consists of 26 apartments including:

– 6 studios

– 18 one-bedrooms

– 2 two-bedroom apartments.

Expected monthly rents range from $850 to $1,250 per month. There’s an additional parking lot included directly next to the building.