Active listing · MLS #20261045731

5117 University Place, Detroit

$27,000

Photo 1 of 5117 University Place
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About this home

Great investment opportunity in Detroit’s Cornerstone Village neighborhood! This 3-bedroom, 1-bath home offers over 1,300 square feet and has tons of potential for the right investor. The property experienced fire damage and will need a full renovation, but it sits on a solid foundation and provides a great opportunity to add value. Features include a spacious floor plan and a large detached garage that was not affected by the fire. Located in an established neighborhood with many updated and well-maintained homes nearby, this property has strong upside for resale or rental income. Cash buyers only. Sold as-is. Buyer to verify all information (BATVAI).

The facts

Price$27,000
Beds3
Baths1
Square feet1,336
TypeSingleFamilyResidence
SubdivisionFARMBROOK
CountyWayne
MLS #20261045731
Listed2026-06-17
Days on market79
Year built1937
Listing officeRE/MAX First
Budget the uncapped bill, not the seller's. Michigan taxable value resets the year after closing to roughly half the price — whatever this seller currently pays. Run the uncapping calculator on this price before you offer, and see Detroit's full tax breakdown.

Ask Match Realty about this home

IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-09-04T09:58-04:00; refreshed at least twice daily.