18059 Hoover St | Image 1
New
18059 Hoover St | Image 2
18059 Hoover St | Image 3

$1,000,000

5 hours ago

16 Bed

16 Bath

10590 sqft

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MLS® 58050199868

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 10590 sqft
Garage No
Taxes $26,473
Days Active 0
Lot Size 0.46 acres
Approx. Age 1948
Avg. Price Per Sqft $94
MLS® Number 58050199868

Property Address: 18059 Hoover St, Detroit, MI, 48205-2687

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

Description

Calling all investors! 16-unit apartment complex featuring all one-bedroom, one-bath units. Extensively updated with new plumbing, updated electrical, newer windows, and brand-new furnaces. Half the units offer electric baseboard heat, while the others have individual furnaces. Tenants pay gas and electric, keeping operating costs low. Units have been renovated with updated kitchens and baths, new flooring, fresh paint, and stainless steel appliances. 90%+ occupied and generating a strong 12% cap rate. Property has completed Step 1 of the Pilot Program, with seller working toward full approval with two steps remaining. Don't miss this great investment opportunity!
MLS® Number58050199868
Laundry Level
Central VacNo
FireplaceNo
Acreage0.46
Exterior
GarageNo
Approx. Age1948
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 20, 2026List Date
$1,000,000List Price
Mar 14, 2025End Date
$380,000Sold Price

Sold

Jan 13, 2025List Date
$499,900List Price
  • Commute

Commute

Starting Address
Destination Address
18059 Hoover St, Detroit, MI

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