0 photos
13
Full Baths9,120
Square Feet
**RARE OPPORTUNITY** Investors, here is your chance to add a truly turn-key apartment building to your portfolio! The property features 13 units (9 one-bedroom and 4 studio units) with space to add a 14th unit in the basement! 10 of the units are currently occupied and generating $6,275/month in rental income, and would generate $8,500/month when fully occupied. Rents are being raised to $700/month for 1 bedrooms & $550/month for studios on 1/1/2024 and tenants have been notified. The property has been completely rehabbed and features vinyl windows, updated kitchens and bathrooms in the units, PEX plumbing, separately metered electric heating, and much more! The property also has its RENTAL CERTIFICATION, which is valid through 10/21/2025! The fenced parking lot out back is included in the sale. Located in NW Detroit, just outside the Grandmont-Rosedale neighborhood and north of the Grand River corridor. Most of the tenants are long-term, low-maintenance, and want to stay!
Type
- Multi Family
City/Township
- Detroit
Year Built
- 1962
MLS#
- 20230096331
Lot Size
- 0.19 Acres
Style
- Colonial
Est. Finished Above Ground
- 7,920 sq ft
Special Features
-
100 Amp Service, Cable Available, Circuit Breakers
Basement
- Partially Finished
Road Type
- Paved
Listed By
- Re/Max Leading Edge
County
- Wayne
Schools
District
- Detroit
Taxes
Taxes
- $13,414
MLS Number | New Status | Previous Status | Activity Date | New List Price | Previous List Price | Sold Price | DOM |
---|---|---|---|---|---|---|---|
20230096331 | Active | Nov 13 2023 6:25PM | $749,900 | 188 | |||
219046212 | Sold | Pending | Nov 5 2019 3:06PM | $80,000 | 162 | ||
219046212 | Pending | Active | Oct 27 2019 10:36AM | 162 | |||
219046212 | Jul 22 2019 1:23PM | $98,000 | $129,000 | 162 | |||
219046212 | Jul 17 2019 1:38PM | $129,000 | $150,000 | 162 | |||
219046212 | Active | May 17 2019 3:48PM | $150,000 | 162 |