127 Seward Street

    Detroit, MI 48202
    • $3,400,000
    • STATUS: Active
    • ON SITE: 170 days
    • ID#: 218008059
    UPDATED: 46 min ago
    $3,400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,392
      SQFT
    • $152
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1916
    County:
    Zoning: Multi-Family
    Lot Size Dimensions: 100 X 175 X 100 X 175

    School Ratings & Info

    School District:

    Description

    LOCATION-DETROIT'S NEW CENTER! ONE BLOCK FROM THE Q-LINE. 34-UNIT METICULOUSLY MAINTAINED RESIDENTIAL BUILDING W/ IMPRESSIVE MARBLE LOBBY AND PEWABIC FOUNTAIN. LOCATED NEAR WOODWARD AND LINKED TO MIDTOWN, WAYNE STATE AND DOWNTOWN BY THE Q-LINE, THE MULTI-MILLION DOLLAR HENRY FORD HOSPITAL EXPANSION, THE HENRY FORD-PISTONS JOINT VENTURE, A LONG LINE OF NEW RESIDENTIAL BUILDINGS, RESTAURANTS, AND OTHER NEW COMMERCIAL ENTITIES. THE SEWARD PLAZA IS 100% OCCUPIED WITH RARELY A VACANCY AND PROVIDES 32 1-BEDROOM UNITS AND TWO STUDIO APARTMENT THAT PROVIDE LARGE WALK-IN CLOSETS AND ABUNDANT KITCHEN STORAGE. THE SEWARD PLAZA HAS SECURE & MONITORED PARKING, RENT INCLUDES HEAT AND WATER. AN INCREDIBLE OPPORTUNITY FOR A BUYER LOOKING TO GET IN ON THE EXCITEMENT OF THE REDEVELOPMENT OF NEW CENTER. NEW CENTER IS VERY WALKABLE & OFFERS A FITNESS CENTER, PLAYGROUNDS, A CENTRAL PARK THAT OFFERS MUSIC AND OTHER EVENTS THROUGHOUT THE YEAR. NEW CENTER IS QUICKLY BECOMING THE PLACE TO LIVE IN DETROIT!

    Monthly Payment Calculator

    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Classic are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-07-22T22:57:11.3.
    www.detroitmetrorealestate.com/homes/80420841

    127 Seward Street Detroit, MI 48202

    • Price: $3,400,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: 218008059
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    22,392
    SQFT
    $152
    $/SQFT
    1916
    Built
    Neighborhood:
    Becks
    County:
    Wayne
    Area:
    Det: Livernois-i75 6-gd River
    School District:
    DETROIT
    Property Description
    LOCATION-DETROIT'S NEW CENTER! ONE BLOCK FROM THE Q-LINE. 34-UNIT METICULOUSLY MAINTAINED RESIDENTIAL BUILDING W/ IMPRESSIVE MARBLE LOBBY AND PEWABIC FOUNTAIN. LOCATED NEAR WOODWARD AND LINKED TO MIDTOWN, WAYNE STATE AND DOWNTOWN BY THE Q-LINE, THE MULTI-MILLION DOLLAR HENRY FORD HOSPITAL EXPANSION, THE HENRY FORD-PISTONS JOINT VENTURE, A LONG LINE OF NEW RESIDENTIAL BUILDINGS, RESTAURANTS, AND OTHER NEW COMMERCIAL ENTITIES. THE SEWARD PLAZA IS 100% OCCUPIED WITH RARELY A VACANCY AND PROVIDES 32 1-BEDROOM UNITS AND TWO STUDIO APARTMENT THAT PROVIDE LARGE WALK-IN CLOSETS AND ABUNDANT KITCHEN STORAGE. THE SEWARD PLAZA HAS SECURE & MONITORED PARKING, RENT INCLUDES HEAT AND WATER. AN INCREDIBLE OPPORTUNITY FOR A BUYER LOOKING TO GET IN ON THE EXCITEMENT OF THE REDEVELOPMENT OF NEW CENTER. NEW CENTER IS VERY WALKABLE & OFFERS A FITNESS CENTER, PLAYGROUNDS, A CENTRAL PARK THAT OFFERS MUSIC AND OTHER EVENTS THROUGHOUT THE YEAR. NEW CENTER IS QUICKLY BECOMING THE PLACE TO LIVE IN DETROIT!
    Exterior Features

    Airport YN Yes Architecture Level 3 Story Commercial Exterior Features Outside LightingPerimeter Fence Construction Materials BrickStone Distance To Airport 8 Distance To Interstate 1 Distance To Rail 1 Distance To Waterway 5 Foundation Details Basement Foundation Materials Brick Interstate YN Yes Lot Size Dimensions 100 X 175 X 100 X 175 Railroad YN Yes Road Frontage Feet 100 Road Frontage Type Paved Roof Material Other Side Of Street S Waterfront YN No Waterway YN Yes

    Interior Features

    Commercial Utilities Intercomm Heating Cooling Steam Heating Fuel Natural Gas Room Count 0 Sq Ft Main 22392 Sq Ft Office 0 Sq Ft Source Prd Unit Efficiency Number Of 2 Unit One Bed Number Of 32 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

    Property Features

    Apod Available YN Yes Business Type Residential Commercial Type Apartments Current Use Multifamily Residential Encroachment YN No Exclusions YN No Gross Scheduled Income 247848.00 Inventory Included YN Yes Inventory List YN No Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Sales 20654 Net Operating Income 159027.00 Operating Expense 88820.00 Ownership Status Private OwnedShort Sale - No Percent Leased 100 Possession Immed Postal City Detroit Protection Period 180 DAYS Restrictions YN No Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 9682.7700 Tax Amount Winter 1408.5600 Title Private - Owned Total Tax 11091.3300 Unparsed Address 127 Seward St Water Source Municipal Water Zone Conform YN Yes Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Renaissance Investment Co, Inc and Realcomp, ©2016 Realcomp II Ltd. Shareholders.
    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Classic are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-07-22T22:57:11.3.
     
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