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Selina Wells

[email protected] +1(248) 289-3006

$ 1,200,000

Est. payment -/mo

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681 W Canfield ST Detroit, MI 48201

5 Baths

7,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 7,000 sqft

Price per Sqft $171

Subdivision Cass Farm Sub Of Blks 97 & 98

MLS Listing ID 20261063150

Style Carriage House

Full Baths 5

Year Built 1910

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type MultiFamily

Property Description

Rare opportunity to own a meticulously maintained four-unit multifamily property on Historic West Canfield in the heart of Midtown Detroit. Originally built in 1910, this beautifully preserved carriage house offers approximately 7,000 square feet and features four spacious two-bedroom apartments. Three of the four units include private in-unit laundry, while the fourth is served by a common laundry area. Also three of four units are occupied, generating income from day one. The property has benefited from extensive capital improvements, including a newer roof, gutters, tuckpointing, newer vinyl replacement windows, updated plumbing, separate gas and electric meters, and modern mechanical systems. A newly constructed secure fenced and gated parking lot provides approximately 10 off-street parking spaces—a rare amenity in Midtown. Current rents are below market, presenting an outstanding value-add opportunity for investors seeking immediate upside through future lease renewals. Ideally located just steps from Mad Nice, Selden Standard, SheWolf, Awake Cafe, Oak & Reel, Whole Foods Market, and the Detroit Institute of Arts, with convenient access to Wayne State University, Detroit Medical Center, Children's Hospital of Michigan, Henry Ford Health, the QLINE, I-75, I-94, and Downtown Detroit. A turnkey investment in one of Detroit's most desirable and walkable neighborhoods offering strong long-term appreciation potential. Do not miss out on this rare opportunity!
Dedicated parking is supported by recorded easement and maintenance agreements, with documentation available upon request. Financial information, current rent roll and operating information available to qualified buyers upon request. Rental amounts reflected in the MLS are pro forma estimates only and are not representations of current or actual rental income. photos may be digitally enhanced, Information is deemed reliable, buyer to verify all information and data.

Location

State MI

County Wayne

Area Area05043Detlivernoisi756Gdriver

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features Garage, ParkingLot, Paved

Pool None

View Y/N No

Garage true

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, Trade1031Exchange

Listing Terms Cash, Conventional, Trade1031Exchange

Special Listing Condition ShortSaleNo, Standard

Pets Allowed No

Listed by Shane Parker of S&P Realty

Selina Wells

Agent

+1(248) 289-3006

Selina Wells

681 W Canfield ST Detroit, MI 48201

Key Details

Location

Interior

Exterior

Building

Schools

Others

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681 W Canfield ST