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Cheryl Bouman Zablow

[email protected] +1(269) 557-0932

$ 680,000

Est. payment | -/mo

3 Beds

3 Baths

2,209 SqFt

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$ 680,000

Est. payment | -/mo

Save

3 Beds

3 Baths

2,209 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 2,209 sqft

Price per Sqft $307

MLS Listing ID 20261002827

Bedrooms 3

Full Baths 3

HOA Fees $1,416/mo

HOA Y/N true

Year Built 1927

Annual Tax Amount $2,179

Property Sub-Type Condominium

Source Realcomp

Property Description

Exceptional investment opportunity in the Fort Shelby Residences, located in the heart of Detroit's Central Business District. This offering includes two high-floor condos situated just below the penthouse level. Both units are fully leased through July 2026, providing immediate and reliable cash flow.Residents benefit from the amenities of the Hilton DoubleTree Hotel located below the residences, including lobby reception, coffee shop, restaurant and bar, business and reception center, and fitness room. The residential floors sit above the hotel in the historic Albert Kahn tower, offering additional privacy.These units enjoy extremely low property taxes—less than $3,000 per unit per year—thanks to the NEZ-Rehab tax abatement in place through 2032. The HOA does not restrict long-term leasing; short-term rentals are not permitted.With continued development throughout West Downtown, including the Cambria Hotel, Water Square Apartments at the former Joe Louis site, and the Ralph C. Wilson Jr. Centennial Park, these condos are well-positioned for appreciation. As individual condominium units, they may also be sold separately in the future to maximize resale value.

Location

State MI

County Wayne

Direction Condos are above the Hilton DoubleTree Hotel

Rooms

Basement Slab

Interior

Heating Heat Pump

Cooling Central Air

Exterior

View Y/N No

Garage No

Building

Story 1

Sewer Public

Water Public

Structure Type Brick,Stone

Schools

School District Detroit

Others

Tax ID W04I000118S045

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Berkshire Hathaway HomeServices The Loft Warehouse

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 557-0932

[email protected]

250 Monroe NW Suite 400, Grand Rapids, MI, 49503

525 W Lafayette Boulevard Detroit, MI 48226