$190,000
$199,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
6,704 SqFt
SOLD DATE : 06/22/2017
Key Details
Sold Price $190,000
Property Type Commercial
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 6,704 sqft
Price per Sqft $28
Subdivision More Than One Legal Involved
MLS Listing ID 217015822
Sold Date 06/22/17
Bedrooms 10
Originating Board Realcomp II Ltd
Year Built 1969
Annual Tax Amount $18,216
Lot Size 1.590 Acres
Acres 1.59
Lot Dimensions 1600X8000
Property Description
Wow, what an amazing deal here! Hands off investments inside of a co-op. This deal consists of 10 units inside of a 47 unit building. The rents range from $550 to $650 per month. The co-op fee is around $200 per month and includes water, taxes, building maintenance etc. This makes for an incredible ROI that is hassle free! All 10 units are occupied and performing. Most are long term tenants that want to stay. Quiet building in a great area. Long wait lists to get in here which means $$$. Get in now before Detroit is too expensive for under 20K a door!
Location
State MI
County Wayne
Area Det - 6 To 8, Grnfld To Limits
Zoning Multi-Family
Direction North of 6 Mile, West of Lasher
Interior
Heating Forced Air
Heat Source LP Gas/Propane
Exterior
Road Frontage Class A
Building
Foundation Slab
Sewer Sewer-Sanitary
Water Municipal Water
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I014186C8
Ownership Private Owned,Short Sale - No
SqFt Source PRD
Assessment Amount $3,000
Acceptable Financing Cash, Land Contract
Listing Terms Cash, Land Contract
Financing Cash,Land Contract
Special Listing Condition Full Service
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