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Price: $1,750,000 631 Merton Rd, Detroit MI 48203 MLS® #: 218114404

  • 36 Bath
  • 26,150 SqFt
  • $66.92 / SqFt
  • Year Built: 1944
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Description of 631 Merton Rd, Detroit

Come one come all! Here is the perfect opportunity to own property in an up and coming part of the city. Presenting the Merton Place Apartments. 28 one bedroom units and 8 two bedroom units available. New roof, newer furnaces and over 1/2 of the apartments have been updated in the last 2 years. Located just a stones throw from Palmer Park and the golf course community. Easy access to Woodward and transportation. Just 15 minutes from downtown and a mere 5 to 10 minutes from the northern suburbs. Most of the units are rented. The vacant ones are in the process of being renovated. This will be a solid investment for any savvy entrepreneur. Properties like this one don't come available too often over here so call for your appointment today! 24 hour notice to show. All showings must be accompanied by a licensed realtor. No exceptions!

About this Property

This $1,750,000 property has approximately 26,150 square feet and was built in 1944. This home is located in the Detroit school district. Properties located in the Detroit district have an average price per square foot of $35/SqFt. Houses with similar square footage range in price from $1,750,000 to $1,750,000 and have an average price per square foot of $67/SqFt. Depending on where you live in Detroit your children and/or teenagers may go to the Detroit school district, Lincoln Consolidated school district, or Hamtramck school district.

Your Buyer Specialist, MARK Z

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Stats for Zipcode 48203 for last 4 Months

Average Listing Price Average $/sqft Average $/sqft Sold Average Listing/Sale ratio Number of Sold Homes
$133,343.61 $41.00 $26.16 172.88% 39

Essential Information

Interior

  • HeatingForced Air, Separate Meters
  • FoundationBasement

Parking Information

  • ParkingOn Street

Community Information

Exterior

  • ExteriorBrick

Square Footage

  • Above Ground Finished26,150
  • Total Finished26150

Lot Information

Additional Information

  • ZoningMulti-Family
  • ZoningMulti-Family

School Information

Listing Details

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