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$1,200,000
Est. payment /mo
25 Beds
24 Baths
13,097 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,097 sqft
Price per Sqft $91
Subdivision Mi
MLS Listing ID 50192591
Style 2 Story
Bedrooms 25
Full Baths 24
Year Built 1958
Annual Tax Amount $11,534
Lot Size 0.490 Acres
Acres 0.49
Lot Dimensions 148x115x148x115
Property Sub-Type Multi-Family
Property Description
Great investment! 24 unit brick apartment complex for sale! This property has all private entrance units, no common areas! This complex offers 1) 2 bedroom 1 bath unit / 23) 1 bedroom 1 bath units! This complex has a laundry room for tenants use! Newer roof. Electric base board heat! NO boiler. Units have been updated and are In great condition. Large parking lot fenced in. Prime location. High $900-$1100 a month rents. Bringing in a 13% cap rate with great cash flow! Whether you are looking to expand your portfolio or make your first investment, this property offers long-term potential with minimal immediate maintenance!
Location
State MI
County Wayne
Area Detroit (82001)
Interior
Heating Forced Air
Fireplace No
Building
Story 2 Story
Foundation Slab
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Private
SqFt Source Realist
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Keller Williams Paint Creek
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