223 E Ferry St

Detroit, MI 48202 View Map $735,000 Ask a Question
223 E Ferry St Detroit, MI 48202 | MLS 20221020478 Photo 1
223 E Ferry St Detroit, MI 48202 | MLS 20221020478 Map
Jan Dijkers

Jan Dijkers

(313) 319-1370
License: 6501338353

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Status: Sold
Property Type:Commercial
MLS #:20221020478
Sq. Feet:6,745
Date Sold:12/5/2022
Lot Size:0.26 Acres
If these walls could talk...this Art Center mansion, originally the Rufus Goodell house, has lived many lives. It was converted into tenement housing in the 1940s, and is currently a 10-unit apartment building, with the same owner for the past 4 decades. So many historic details are still in tact, like original carved wood and wet plaster molding, fireplaces with the original tile, slate roof, stained glass, seven-point star copper window details, and beautiful wood floors. There is so much potential here, and future use could continue as a fully operational 10 unit apartment building, short term rentals, condo conversion, or even office use. Six units in the main structure, potential for 4 in the carriage house, possibly even basement "garden level" living space. Several units will need to be renovated to be operational once again. Brand new boiler services both the house and carriage house. Security camera system in place. Square footage is main house and carriage house combined. Art Center is the north part of Midtown, named for its proximity to the DIA and CCS. One block from major transportation lines, and shops and restaurants. NEZ-New/Rehab and NEZ-Homestead districts already in place. Zoned R5. East Ferry Avenue historic district.

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Price Change History

Date Old Price New Price Percent Change

Community Information

Address:223 E Ferry St, Detroit, MI 48202
Area:Det: Livernois-I75 6-Gd River
School System:Detroit
Subdivision:D M Ferrys Sub Of Park Lot No 41(Plats)
Zip Code:48202

Features / Amenities

Heating: Steam
Heating Fuel: Natural Gas
Water Heater Fuel: Natural Gas

Property Features

Lot Size: 0.26 Acres
Lot Dimensions:70.00 x 161.00
Road Frontage: Paved
Sewer: Public Sewer (Sewer-Sanitary)
Water: Public (Municipal)
Directions: Brush To E Ferry Make A Left. Apartment Will Be On The Right Side.

Tax and Financial Info

Tax Amount Summer: $2,462
Tax Amount Winter: $281
Total Tax: $2,743
Financing: Cash, Conventional, Warranty Deed
Gross Scheduled Income: $27,898
Net Operating Income: $5,124
Operating Expense: $22,773



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Listing Information Last Updated 6/1/2023
Listing provided courtesy of Berkshire Hathaway Homeservices The Loft Warehouse (313-658-6400).
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