MLS Public Remarks  A turnkey investment opportunity in Detroit awaits you! *This tenant-occupied 7-property 12-unit portfolio offers a 14.30% cap rate on current rents, with upside from rent increases due on many units. Properties included: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini. *** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.

http://www.www.maxbroock.com.com/20230081392

AGENT/COMPANY DETAILS  

LOCATION  

Township  Detroit

Directions  W of Hayes St/N of E State Fair

HOUSE DESCRIPTION  

Fin Below Grd SqFt  0

Total Fin SqFt  1,294

Price/SqFt  $62

Unfinished SqFt  0

Above Grade Finished SqFt  1,294

CDOM  227

Sub Property Type  Multifamily

Year Built  1929

Days on Market  227

ASSESSMENT/SCHOOLS   

Land Assessment  -

Improvements  $80000

Net Taxes  $1201

Acreage  0.11

Taxes  -

Tax Year  -

Summer Taxes  $1097

School District  Detroit

Winter Taxes  $104

LOT DESCRIPTION  

Subdivision  Ed De Grandchamp Gratiot Farm Sub (plats)

Lower Level Square Footage  0

Waterview  N

Number of Units  2

Waterfront  N

For Lease/Rent  N

Est. Total Acres  0.11

Lot Dimensions  35.00 x 132.00

WaterFrontage   0

INTERIOR FEATURES  

Heating  Forced Air, Natural Gas

Water  Public (Municipal)

Basement  Y

Heating  Forced Air, Natural Gas

EXTERIOR FEATURES  

Garage  0.0

Architecture  2 Story

Basement details  Unfinished

Sewer  Public Sewer (Sewer-Sanitary)

Home Style  Colonial

Possession  Rental Agreemen

Exterior Materials  Brick

DETAILS  

Status Change Date  09/25/2023

Listing Date  09/25/2023

Internet/IDX  Y

Named Exceptions  Y

LISTING OFFICE DETAILS  

Listing Office   Realteam Real Estate

Office Address   8250 9 Mile Road

Listing Number   20230081392

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Saturday, May 11, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.