127 Seward Street
Detroit, MI 48202

$3,400,000
Est. Mortgage: $16,506/mo
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Pending
  • 22,392
    sq.ft.
Commercial

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!

Property Details
  • Detroit
    school district
  • $11,091.33
    taxes
  • 1916
    built
  • 218008059
    MLS#
Intercom
Basement
School district: Detroit
Brick exterior
Stone exterior
Lot size: 100 X 175 X 100 X 175
Subdivision: BECKS
Lot zoned: Multi-Family
Present use: MULTIFAMILY RESIDENTIAL
Frontage: 100
City water
Units in building(s): 34
Efficiency units: 2
1 Bedroom units: 32
Total square feet: 22392
For sale
Summer tax: 9682.7700
Winter tax: 1408.5600
Business type: Residential
Courtesy of:
Renaissance Investment Co, Inc

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Address Distance Sale date Sale price
5960 Second 0.78 mi. 3/6/2017 $3,100,000
{"markerType": "ForSale", "lat": "42.37395", "lng": "-83.07864", "Address": "127 Seward Street", "City": "Detroit", "StateProv": "MI", "ZipCode": "48202"}
{"markerType": "Sold", "lat": "42.3635", "lng": "-83.07289", "Address": "5960 Second", "City": "Detroit", "StateProv": "MI", "ZipCode": "48202"}
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The approximate monthly principal & interest payment for this property would be $16,506.33.

This payment is based on a 30-year loan at a fixed rate of 4.500 % - APR 4.573 % with a down payment of $170,000. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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127 Seward Street, Detroit, MI 48202 commercial offered for sale at $3,400,000.
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