MLS Public Remarks  Great investment opportunity, 13% plus cap rate! Renovated 2.5 story 20-unit brick apartment building with eleven 1-bed 1-bath, six 2-bed 1-bath and 2 studios situated on a 14,810 sf site with good curb appeal. Leases negotiable upside increase to market rents, current occupancy 100%. Boiler and roof updated, parking lot for tenants. Property manager in place or self-manage. Ideal opportunity for cash buyer or bank financing.

http://www.www.maxbroock.com.com/50102676

AGENT/COMPANY DETAILS  

HOUSE DESCRIPTION  

Fin Below Grd SqFt  0

Total Fin SqFt  15,390

Price/SqFt  $0

Unfinished SqFt  0

Above Grade Finished SqFt  0

CDOM  257

Sub Property Type  Multi-Family

Year Built  1971

Days on Market  257

ASSESSMENT/SCHOOLS   

Land Assessment  -

Improvements  -

Net Taxes  $10840

Acreage  0.34

Taxes  $10840.0

Tax Year  -

Summer Taxes  $9682

School District  Detroit

Winter Taxes  $1158

LOT DESCRIPTION  

Subdivision  Seven Mile Lahser Sub

Lower Level Square Footage  0

Waterview  N

Number of Units  20

For Lease/Rent  N

Est. Total Acres  0.34

Lot Dimensions  14810

WaterFrontage   0

INTERIOR FEATURES  

Heating  Forced Air

Water  Public Water

Basement  Y

Heating  Forced Air

EXTERIOR FEATURES  

Garage  0.0

Sewer  Public Sanitary

DETAILS  

Status Change Date  02/08/2024

Listing Date  03/04/2023

Internet/IDX  Y

Pending Date  11/16/2023

Named Exceptions  Y

Proposed Close Date  11/16/2023

LISTING OFFICE DETAILS  

Listing Office   Keller Williams Paint Creek

Office Address   440 S Main Street

Listing Number   50102676

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