REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,800,000
Est. payment | /mo
40 Baths
0.62 Acres Lot
$ 2,800,000
Est. payment | /mo
40 Baths
0.62 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Detroit City
Subdivision Detroit City
MLS Listing ID 50188314
Year Built 1957
Lot Size 0.620 Acres
Acres 0.62
Lot Dimensions 27007
Source MiRealSource
Property Description
Renovated 40-unit brick apartment complex (four 2-story connected buildings with 10 units in each building). There are 36 1-bed 1-bath and 4 2-bed 1-bath situated on a 27,007 sf site. Current occupancy 90%. Property is at a 10%+ cap rate with add value. Nice curb appeal, high demand building near Dearborn. Two Boilers and roof updated, newer windows. Clean environmental report. Rear and side parking lot for tenants, with a security system. Property manager in place that is transferable. Ideal opportunity for cash buyer or bank financing.
Location
State MI
County Wayne
Exterior
View Y/N No
Others
Tax ID 22031207-19
Acceptable Financing Cash
Listing Terms Cash
Listed by Keller Williams Paint Creek
Nearby Locations
GET MORE INFORMATION