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$ 1,185,000
Est. payment | /mo
25 Beds
24 Baths
13,097 SqFt
$ 1,185,000
Est. payment | /mo
25 Beds
24 Baths
13,097 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 13,097 sqft
Price per Sqft $90
Subdivision Burtons Seven Mile Road
MLS Listing ID 58050192591
Bedrooms 25
Full Baths 24
Year Built 1958
Lot Size 0.490 Acres
Acres 0.49
Property Sub-Type MultiFamily
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 Area05051Det68Dequindretoconner
Interior
Heating Forced Air, Natural Gas, Separate Meters
Fireplace No
Exterior
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Justin Zehel of Keller Williams Paint Creek