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!
General Information
Sale Price: $1,400,000
Price/SqFt: $159
Status: Active
MLS#: rcomi20250024379
City: detroit
Post Office: highland park
Schools: detroit
County: Wayne
Acres: 0.25
Lot Dimensions: 92.00 x 120.00
Size: 8,831 sq.ft.
Acreage: 0.25 est.
Year Built: 1964
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $17,661 Est. Winter Taxes: $2,014
