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$6,850,000 for Sale

2255 webb, detroit, MI 48206

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Property Description
CALLING ALL INVESTORS!! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT/OPPORTUNITY!! 60% occupied! 100 one bed/one bath and 56 two beds/one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 12 plus buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated/replaced. Most of the windows have been updated to vinyl. Half the complex is boiler heat and the other half has furnaces in each unit. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Serious buyers only please!
General Information
Sale Price: $6,850,000
Price/SqFt: $45
Status: Active
MLS#: 50172514
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: oakman & stoll
Acres: 4.87
Lot Dim: 212137
Bedrooms:212
Bathrooms:156   (156 full, 0 half)
Size: 150,689 sq.ft.
Acreage: 4.87 est.
Year Built: 1948
Style: 2 Story
Features & Room Sizes
Basement:  Yes
Heating:  Boiler,Forced Air
Tax, Fees & Legal
Est. Summer Taxes:  $160,201
Est. Winter Taxes:  $26,531


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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Justin Zehel of Keller Williams Paint Creek

This listing last updated: Thu, April 24, 2025 at 9:32:53 PM EDT

MIRealSource Listing Data Last Updated On Wednesday, April 30 2025 at 8:45am
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Listings presented by:
Justin Zehel
Keller Williams Paint Creek
Call: (248) 979-3466

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