$699,000
Fort Shelby Residences
525 W Lafayette Blvd Units 18E & 19C, Detroit, MI 48226
- 3Beds
- 3Baths
- 2209SqFt
- 3Beds
- 3Baths
- 2209SqFt
- Property TypeCondo
- Year Built1927
- HOA Fees$1100/mo
- Price per Sqft$316
- On highrises0 Days
- Pet PolicyPets OK
Property Details
Exceptional investment opportunity in the Fort Shelby Residences, located in the heart of Detroit's Central Business District. This offering includes two high-floor condos situated just below the penthouse level. Both units are fully leased through July 2026, providing immediate and reliable cash flow. Residents benefit from the amenities of the Hilton DoubleTree Hotel located below the residences, including lobby reception, coffee shop, restaurant and bar, business and reception center, and fitness room. The residential floors sit above the hotel in the historic Albert Kahn tower, offering additional privacy. These units enjoy extremely low property taxes-less than $3,000 per unit per year-thanks to the NEZ-Rehab tax abatement in place through 2032. The HOA does not restrict long-term leasing; short-term rentals are not permitted. With continued development throughout West Downtown, including the Cambria Hotel, Water Square Apartments at the former Joe Louis site, and the Ralph C. Wilson Jr. Centennial Park, these condos are well-positioned for appreciation. As individual condominium units, they may also be sold separately in the future to maximize resale value.
Property Features
Bedrooms
- Bedrooms: 3
- Bedroom 1 Dimensions: 13' x 10'
- Bedroom 1 Level: First/Entry
Property History
Building Features
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Jerome huez
Also at 525 W Lafayette Blvd
