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$ 499,999
Est. payment | /mo
8 Baths
3,370 SqFt
$ 499,999
Est. payment | /mo
8 Baths
3,370 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,370 sqft
Price per Sqft $148
Subdivision Mi
MLS Listing ID 61001829
Full Baths 8
Year Built 1930
Annual Tax Amount $13,986
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 51X60
Property Sub-Type Multi-Family
Property Description
Eight 1-bedroom units ideally positioned near Wayne State University, Detroit Medical Center, and Midtown, prime territory for student and workforce housing demand.. Potentially Projected gross income of $76,800/year at market rents.. Brick construction, forced air heat, public water/sewer. Minutes from Downtown Detroit, major freeways, restaurants, and local amenities. Cash or conventional financing only. Do not disturb tenants., At $800/month per unit, projected gross income of $76,800/year with a potential cap rate exceeding 9% at list price
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Rooms
Basement Common
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX Leading Edge
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Shannon Bagdonas
Team Lead / Broker Partner