$1,899,000
For Sale

1450 6TH STREET

Detroit, MI 48226
7500 sqft | 8 baths | #20230059869
Browse 61 photos
Type:Multi-Family
Structure:Unit
Zone:Residential

Description

The Definitive Corktown Collection: a group of properties of various architectural styles exemplary of Corktown, in the heart of the neighborhood, and adjacent to the central business district and Riverfront. A developer’s opportunity for immediate cashflow, reactivation of the vacant structures, and vacant land for redevelopment. This site is in an Opportunity Zone and Neighborhood Enterprise Zone (New/Rehab). The package is made of four separate pieces: 1) Triangle-shaped vacant land to the north + vacated Labrosse St from 6th to Lodge; 2) 1450 Sixth, a brick 4-unit, occupied, newer roof and boiler, additional space in basement for one or two additional units; 3) the “House Next Door,” at 1440 Sixth, a rare example of Greek Revival architecture, needing complete renovation and stabilization; 4) the Worker’s Row House at 1430 Sixth, originally a 3-unit tenement house, with roof, structure and exterior fully stabilized; There is additional land behind this structure that could be a great location for additional residential or carriage house. This location is walkable to the restaurants lining Michigan Avenue and one mile to Ford’s Michigan Central Innovation District. Most of the offering is combined under tax ID 06004564-743, except 1430 6th the Worker’s Rowhouse, which is tax ID 06004563. The properties are part of the Corktown historic district. The zoning is B6, General Services District, which allows residential, commercial and mixed use purposes. The parcels are also part of a Neighborhood Enterprise Zone (NEZ) "New-Rehab" district, which offers frozen taxable value for end users.

  • Interior Details
      • HeatingHot Water
    • Beds & Baths
      • Total Baths8.00
      • Bathrooms8
      • Full Baths8
  • Property Details
      • Square Feet7500
  • Construction Details
      • Property TypeInvestment
    • Condition
      • Year Built1906
  • Community and Neighborhood Details
      • ZoningCommercial, Residential
      • School DistrictDetroit
      • RegionDetroit
      • CountyWayne
  • Financial Details
      • Original List Price$1,999,000
  • Other
      • MLS #20230059869

Location

Slater Signature HomesReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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