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$ 410,000
Est. payment | /mo
3,400 SqFt
$ 410,000
Est. payment | /mo
3,400 SqFt
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $120
Subdivision Frischkorns W Chicago Blvd Also P12
MLS Listing ID 20261009269
Year Built 1957
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type RealEstateOnly
Property Description
Six-unit multifamily property consisting of five one-bedroom units and one studio. Located directly across the street from the Dearborn border. Property is currently 33% occupied with two tenants in place paying $900 and $700 per month. Four units have been recently renovated and are projected to lease at approximately $950 per month each. Projected gross income at full occupancy is approximately $64,800 annually. The property features a brand-new roof, brand-new boiler, and new water heater, significantly reducing major capital expenditure concerns. In addition, the building has newer vinyl windows throughout. Two units are outdated but functional. Opportunity to increase value through lease-up and strategic updates to the remaining outdated units. Buyer and buyer's agent to verify all information.
Location
State MI
County Wayne
Area Area05042Det6Tiregrnfldlivernois
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Contract, Conventional, WarrantyDeed
Listing Terms Cash, Contract, Conventional, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
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Listed by Ali Saidi of Pro Realty Group