Detroit, MI 48216,1602 Bagley Street

$1,565,000

$1,200,000

30.4%
Est.Price: ?

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Est. payment /mo

17,100 SqFt


SOLD DATE : 08/30/2024

Key Details

Sold Price $1,565,000

Property Type Commercial

Sub Type Real Estate Only

Listing Status Sold

Purchase Type For Sale

Square Footage 17,100 sqft

Price per Sqft $91

Subdivision Woodbridge Farm As Divided By Cmrs (Also P147 Plt)

MLS Listing ID 20240054901

Sold Date 08/30/24

Originating Board Realcomp II Ltd

Year Built 1920

Annual Tax Amount $39,886

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 101.00 x 119.00

Property Description

Built in 1920, Beyster Terrace is an 18-unit multi-family building located in the heart of Historic Corktown. It is within walking distance of all the neighborhood's restaurants and retail, as well as Ford Motor Company’s nearly $1 billion Corktown Campus, which is expected to bring over 5,000 employees to the neighborhood. Spread out between two buildings that share a private, fenced courtyard, the exterior features charming architectural details in the brickwork. The first-floor apartments have private basement access, with ten apartments on Bagley and eight apartments on 10th Street. Fifteen of the apartments are currently occupied, with ten units being fully renovated, including modern kitchens, flooring, bathrooms with subway tile, refreshed paint, and some mechanical updates. The three unrenovated units allow new ownership to add value. Property tours will be Wednesday, August 7th from Noon - 1:30 PM and Wednesday, August 14th from Noon - 1:30 PM. Best & Final offers due by Tuesday, August 20th

Location

State MI

County Wayne

Area Det South Of Grand River

Zoning Multi-Family

Direction NW Corner of 10th Street and Bagley Street

Interior

Heat Source Natural Gas

Exterior

Waterfront no

Roof Type White Roof

Road Frontage Class B, Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W08I000390S

Ownership Short Sale - No,Private Owned

Assessment Amount $1,600

Acceptable Financing Cash, Conventional

Rebuilt Year 2022

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

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Realcomp MLS
Listed by Vincent Mazzola of O'Connor Realty Detroit, LLC
Bought with O'Connor Realty Detroit, LLC

GET MORE INFORMATION

JEFF HIGGINS

Managing Partner | License ID: 6506046014

+1(248) 233-6165

280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States

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