Located at 5310 Grayton Street in Detroit, Michigan, this historic brick multifamily property presents a renovation opportunity for investors prepared to take on a substantial project. Built in 1930, the two-story building features a traditional upper-and-lower apartment layout with Victorian architectural character and approximately 1,564 square feet of living space.
The property is configured as two separate two-bedroom units, offering the potential for two independent residences once the necessary rehabilitation work is completed. The listing reports four bedrooms and two full bathrooms plus one half bathroom across the building. This layout may appeal to buyers looking to restore an older multifamily property and explore its future rental possibilities.
Inside, the building retains the appeal of its traditional design, including brick construction and classic architectural details. However, the listing clearly states that the property requires a full rehabilitation. Buyers should be prepared to evaluate the condition of the roof, foundation, plumbing, electrical systems, heating, interior finishes, and other major components before estimating renovation costs.
The home sits on a lot measuring approximately 6,098 square feet, equivalent to about 0.14 acres. Its urban lot provides a manageable footprint while placing the property within Detroit’s East English Village area. The building also has an unfinished basement, which may offer utility or storage space depending on its condition.
An important consideration is that the property is listed as government-owned, and the purchase process has specific requirements. Prospective buyers must submit a proposal that includes detailed rehabilitation plans and a financing plan, along with proof of funds or a pre-approval letter for a new-construction loan. The listing also notes possible tax-capture provisions affecting the five tax years after ownership transfers, which buyers should review carefully.
The property is zoned R1 according to the listing, so buyers should not assume that its current multifamily configuration can automatically be used or rented as two legal units after purchase. Confirm the permitted use and any required approvals directly with the City of Detroit and the listing agent before proceeding.
For experienced renovators and investors, this property offers an opportunity to restore a brick building with two-unit potential in an established Detroit neighborhood. The low asking price should be weighed against the full rehabilitation costs, purchase requirements, zoning restrictions, and any applicable tax obligations.
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