$1,150,000
$1,150,000
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16 Beds
16 Baths
11,086 SqFt
SOLD DATE : 03/23/2023
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Ranch
Listing Status Sold
Purchase Type For Sale
Square Footage 11,086 sqft
Price per Sqft $103
Subdivision Quiet Lane Sub
MLS Listing ID 20230012809
Sold Date 03/23/23
Style Ranch
Bedrooms 16
Full Baths 16
Originating Board Realcomp II Ltd
Year Built 1968
Annual Tax Amount $19,528
Lot Size 1.190 Acres
Acres 1.19
Lot Dimensions 236X219
Property Description
Awesome Investment Opportunity. Note: Both parcels have been combined into this listing. A total of 16 units (1-two bedroom & 15 1-bedroom), 2 buildings, great location and well maintained with current annual gross income of $121k. Both buildings are brick and mostly maintenance free. Crawl space under one building and the other building is on a slab. All 16 units have been consistently rented over the years of ownership. The roofs on both buildings are around 10 years old. Total of 4 - 75 gallon HWT's. All apartments are furnished with a refrigerator, stove, furnace and built-in wall A/C. All tenants on separate meters for gas/electric and the owner pays the water. All tenants on a MTM 90-days after move-in date. No pets or smoking allowed. All units have front/rear private entrances. A total of 35 parking spots (each tenant has 2 spots) with additional parking on Leroy St.
Location
State MI
County Wayne
Area Southgate
Zoning Commercial
Direction Go South down Fort St, turn right on Leroy St. Go 2 blocks down on your right.
Interior
Interior Features High Spd Internet Avail, Cable Available
Hot Water Natural Gas
Heating Forced Air, Separate Meters
Cooling Ceiling Fan(s), Separate Meter, Window Unit(s)
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 35.0
Roof Type Asphalt
Porch Porch
Road Frontage Paved, Pub. Sidewalk
Garage no
Building
Foundation Crawl, Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Ranch
Level or Stories 1 Story
Structure Type Brick
Schools
School District Southgate
Others
Pets Allowed No
Tax ID 53019990010000
Ownership Short Sale - No,Private Owned
Assessment Amount $589
Acceptable Financing Cash, Contract
Listing Terms Cash, Contract
Financing Cash,Contract
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