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1197 VIRGINIA PARK Street
Detroit MI 48202 US

$1,075,000

Pending Listing ID 20261017989
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24 bed
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10.00 Bath (9 Full , 9 Half)
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Lot: 0.32 Acres
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Other

$1,075,000

Pending Listing ID 20261017989
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1197 VIRGINIA PARK Street 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. All of the units were renovated in 2015 with 2 being renovated within 2 years with new kitchens. 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. Washer and dryer in each unit supplied by owner. 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. New Occupancy Permit as of April 2026 is good until 4/23/29. "All the leases are (1) year and (1) Section 8 tenant. All tenants are employed except the (1) Section 8. No notices to vacate. All leases renew within a year if they decide to renew

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Property Features

  • Facts
  • Lot Size: 0.32 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 9
  • 1/2 Bathrooms: 9
  • Exterior Finish: Private Entry
  • Roof Type: Shingle
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1075000
  • unparsedaddress: 1197 VIRGINIA PARK Street
  • postalcity: Detroit
  • stateorprovince: MI
  • country: US
  • postalcode: 48202
  • bathroomsfull: 9
  • bathroomshalf: 9
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.32
  • lotsizeunits: Acres
  • lotsizearea: 0.32
  • livingarea: 11100
  • livingareaunits: Square Feet
  • latitude: 42.371934
  • longitude: -83.087894
  • listagentfullname: James T Silver
  • listagentemail: silverteam01@gmail.com
  • listagentkey: 3yd-REALCOMPMI-302927
  • listagentmlsid: 302927
  • listagentpreferredphone: (248) 649-7200
  • listagentofficephone: 2485307292
  • listofficekey: 3yd-REALCOMPMI-409720
  • listofficemlsid: 409720
  • disclaimer: Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: REALCOMPMI
  • yearbuilt: 1916
  • listingcontractdate: 2026-04-03
  • listagentfax: 2486497208
  • listagenturl: http://www.kwtroy.com/
  • countyorparish: Wayne
  • parcelnumber: W06I001766S
  • elementaryschooldistrict: Detroit
  • middleorjuniorschooldistrict: Detroit
  • highschooldistrict: Detroit
  • constructionmaterials: Brick
  • heating: Forced Air
  • numberofunitstotal: 9
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Private Entry
  • architecturalstyle: Other
  • rooms: Bedroom 21, Bathroom 3, Bedroom 13, Bedroom 7, Bathroom 1, Bedroom 1, Bedroom 23, Bathroom 7, Bathroom 8, Bedroom 16, Bedroom 5, Bathroom 4, Bedroom 9, Bathroom 6, Bedroom 24, Bedroom 10, Bathroom 2, Bedroom 6, Bedroom 17, Bathroom 10, Bathroom 5, Bedroom 4, Bedroom 15, Bedroom 14, Bedroom 20, Bedroom 22, Bedroom 19, Bedroom 18, Bedroom 3, Bedroom 11, Bedroom 2, Bedroom 8, Bedroom 12, Bathroom 9, Basement
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -83.08789, 42.371933
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"M77 LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"silverteam01@gmail.com", "ListBrokerageCity":"Troy", "ListBrokerageCountry":"US", "ListBrokerageEmail":"laithyaldo@hotmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/REALCOMPMI/c5ababf0228558c101228906f5200095/20090729120511040.jpeg", "ListBrokerageName":"M77 LLC", "ListBrokeragePhone":"(248) 649-7200", "ListBrokeragePostalCode":"48084", "ListBrokerageStateOrProvince":"MI", "ListBrokerageUnitNumber":"Ste 100", "ListBrokerageUnparsedAddress":"901 Wilshire", "ListBrokerageWebsiteUrl":"http://www.kwtroy.com/", "ListOfficeAddress1":"888 W Big Beaver Road #200 ", "ListOfficeAddress2":"Ste 100", "ListOfficeBrokerMlsId":"409720", "ListOfficeCity":"Troy", "ListOfficeCountry":"US", "ListOfficeEmail":"laithyaldo@hotmail.com", "ListOfficePostalCode":"48084", "ListOfficeStateOrProvince":"MI", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Detroit, MI", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1197-Virginia-Park-St_Detroit_MI_48202_M43561-59135?f=listhub&s=REALCOMPMI&m=20261017989&c=rexren", "MLSModificationTimestamp":"2026-05-20 14:32:20", "Neighborhoods":[{"Description":null, "Name":"VIRGINIA PK SUB OF PT OF1/4 SEC 55 TTAT"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5518, "TaxDescription":"S VIRGINIA PARK 24-25 VIRGINIA PARK SUB L28 P80 PLATS, W C R 6/125 80 IRREG", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/20/2026 7:31:49 PM GMT
Source Updated Date: 5/21/2026 6:47:26 PM GMT

Courtesy of: James T Silver, Keller Williams Somerset, silverteam01@gmail.com

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.