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$1,400,000
9 Days On Site

303 COVINGTON Drive
DetroitCity_Wayne, MI 48203

For Sale|Commercial Sale|Active
11
Beds
0
Full Baths
0
Partial Baths
8,831
SqFt
$159
/SqFt
1964
Built
Subdivision:
MERRILL PALMER (ALSO PG 55 )
County:
Wayne
303 COVINGTON Drive303 COVINGTON Drive303 COVINGTON Drive303 COVINGTON Drive
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MID-CENTURY IN THE CITY! Sellers have made an extensive investment into renovations, making this recently remodeled 15-unit Palmer Park GEM a prime income-generating property. 303 Covington consistently earns top-dollar rental income, with most units already updated or in the final stages of renovation—tenant-ready within the month. Recent upgrades include a new boiler (2022), all new electrical service panels, dozens of replaced thermal windows, new in-unit ACs, and numerous interior improvements throughout each unit. This property has been a reliable income producer for decades and has undergone several thoughtful restorations, making it highly desirable for long-term, consistent occupancy. Tenants enjoy a shared courtyard and laundry room, secure fencing, illuminated walkways, front and rear entrances, and first-come, first-served parking. Rent rolls and expense reports available upon request. Don’t miss this incredible investment opportunity in one of Detroit’s most historic and revitalized neighborhoods!

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Listing Snapshot
Price 
$1,400,000
Days On Site 
9 Days
Bedrooms 
11
Inside Area (SqFt) 
8,831 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.25 Acres
Year Built 
1964
MLS® Number 
20250024379
Status 
Active
Property Tax 
$19,675
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing first seen on site
a week agoListing updated with changes from the MLS®
General Features
Acres 
0.25
Additional Property Use 
Multi-Family
Cross Street 
N of Woodward/W of Covington
Foundation 
Slab
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
8831
SqFt Total 
8831
Water Source 
Public
Zoning 
Commercial, MultiFamily
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Exterior Features
Construction Details 
Brick
Fencing 
FencedPerimeter
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Area05041Det68GrfldDequindre
Roads 
Paved
School District 
Detroit
Schools
School District
Detroit
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams Realty-Great Lakes: 5862103350



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Neighborhood & Commute
Source: Walkscore
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