USAMIDetroitPaterson Bros & Co Outer Drive-Van Dyke4470 E Outer Dr
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4470 E Outer Dr, Detroit, MI

Real Estate

Sold

Listed price in listed location currency (USD).
$975,000
$1,000,000

0180

MLS® 20251058117

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 11439 sqft
Garage No
Taxes $28,646
Lot Size 0.3 acres
Approx. Age 1956
Avg. Price Per Sqft $87
MLS® Number 20251058117

Property Address: 4470 E Outer Dr, Detroit, MI, 48234-3255

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13, 068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized (over $15, 000 gross income per month!) with room yet to increase rents significantly without large capital expenditures. Two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. There is also a parking lot with plenty of parking for tenants. Overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. Offering memorandum, rent roll and P&L are available upon request.
MLS® Number20251058117
Laundry Level
Central VacNo
FireplaceNo
Acreage0.3
Exterior
GarageNo
Approx. Age1956
BasementCommon, Unfinished
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

Dec 4, 2025End Date
$975,000Sold Price

Sold

Dec 4, 2025List Date
$1,000,000List Price
Sep 29, 2023End Date
$935,000Sold Price

Sold

Oct 5, 2024List Date
$1,000,000List Price
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Starting Address
Destination Address
4470 E Outer Dr, Detroit, MI

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