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Become a Landlord in New Center for $398K

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Photo via <a href="http://www.zillow.com/homedetails/10210-Byron-St-Detroit-MI-48202/2101858469_zpid/">Zillow</a><br>
Photo via Zillow

If the sale of the Fisher Building inspires property speculating or land lording dreams, this stunning 1924 art deco apartment house offers some of the charm and grace of New Center's best-known buildings at a price even non-billionaires might afford. With new industry in the area (Shinola is just a few blocks away) and other rental and mixed-use spaces either rumored or in the works, this charming 9-unit building could be a great opportunity for the savvy Detroit investor.

Some of the yummy features in this building near Boston Edison include a dramatic circular stair, refinished hardwood floors, original terrazzo in some of the baths, and beautiful designer kitchens with butcher block counters, dishwashers and quirky, adorable Moroccan tile on the walls. The white-painted wooden moldings in the living rooms are set off by dramatic charcoal walls. The units, billed as identical, enjoy security in the form of 24-hour-a-day video monitoring and patrols. The lower level offers the possibility of a fitness room and storage units (these are framed, but not complete).

The units, all 3-bed, 1.5 baths, also offer decorative fireplaces, brand-new appliances and two-tone hardwood flooring in the kitchens. - Rebecca Golden

·10210 Byron Street [Zillow]
·New Center's Hot Properties [Curbed Detroit]
·Fisher Building Auctioned for $12 Million [Curbed Detroit]