Properties

Save
Ask
Tour
Hide
Share
$1,075,000
1 Day On Site

1197 VIRGINIA PARK Street
Detroit City, MI 48202

For Sale|Business|Active
24
Beds
0
Total Baths
11,100
SqFt
$97
/SqFt
1916
Built
Subdivision:
VIRGINIA PK SUB OF PT OF1/4 SEC 55 TTAT
County:
Wayne
Call Now: (248) 788-6318
Is this the listing for you? We can help make it yours.
(248) 788-6318
1197 VIRGINIA PARK Street1197 VIRGINIA PARK Street1197 VIRGINIA PARK Street1197 VIRGINIA PARK Street
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$4,905
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

Excellent investment opportunity in Detroit’s desirable Virginia Park neighborhood, located within an Opportunity Zone! This well-maintained 9-unit townhouse-style multifamily property in the New Center area offers strong rental potential and long-term upside. The building features a diverse unit mix including six 2-bedroom units, two spacious 5-bedroom units, and one 4-bedroom unit—ideal for maximizing rental income. All units are currently occupied, providing immediate cash flow. Significant updates include a freshly painted exterior (2025) and brand-new gutters (2025). Multiple units have been remodeled in 2024–2025, enhancing overall appeal and value. Each unit is equipped with central air conditioning, newer furnaces, hot water tanks, and updated appliances, including in-unit washers and dryers. Additional features include semi-finished basements, ADT alarm systems, and an exterior security camera system. Owned and professionally managed for over 20 years, this property reflects consistent care and attention. Conveniently located near Henry Ford Hospital, Wayne State University, downtown Detroit, QLine transit, and major freeways, making it highly attractive to tenants. Turnkey, fully occupied, and positioned in a high-demand area—this is a rare opportunity to add a solid performing asset to your portfolio. 16,546 Est Tot Fin: includes basements each with own baths.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,075,000
Days On Site 
1 Day
Bedrooms 
24
Inside Area (SqFt) 
11,100 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.32 Acres
Year Built 
1916
MLS® Number 
20261018059
Status 
Active
Property Tax 
$5,518
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
yesterdayListing first seen on site
yesterdayListing updated with changes from the MLS®
General Features
Acres 
0.32
Additional Property Use 
Residential
Cross Street 
N of W Grand/W of Lodge
Disclosures 
No Encroachment, No Legal Rental Certification
Foundation 
Brick/Mortar
Levels 
Two
Property Sub Type 
Business
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
11100
SqFt Total 
16546
Water Source 
Public
Zoning 
Commercial
Interior Features
Appliances 
Gas Water Heater
Heating 
Forced AirNatural Gas
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
Brick
Roof 
Shingle
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Area05043DetLivernoisI756GdRiver
Roads 
Paved
School District 
Detroit
Schools
School District
Detroit
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Somerset: silverteam01@gmail.com



IDX provided courtesy of Realcomp II Ltd. via RealcompIILtd. Copyright © 2026 Realcomp II Ltd. Shareholders.

IDX information is provided exclusively 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 and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share

Connect with Zamzam & Associates