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$399,900
Est. payment /mo
4,004 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,004 sqft
Price per Sqft $99
MLS Listing ID 20261001016
Year Built 1955
Annual Tax Amount $7,249
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 104X103
Source Realcomp
Property Description
Great investment opportunity! 8-unit apartment on main road on west side of Detroit. Great location near freeway, food and police department. Montessori school/Day-care being built next door, car shop across the street, just a great location. I little further down the road they are building a grocery store. SAFE and a clean building. A couple units need a little TLC. It has 2 vacant units but also has a full basement, with the furnaces and hotwater tanks and enough space for a mini-laundry area for several machines. 6 units occupied at approximately Z700 a month. Seller has contracts for all tenants and all contracts are month to month. Building has the potential to make up to Z900 per unit monthly, which is Z7,200. Currently making approximately Z4000 monthly. A creative buyer may want to AirBNB the 2 additional units and can potentially make Z2,000 to Z4000 monthly per unit!! Seller willing to give Z20k for repairs, Z10k for each vacant unit, with full price offers. Bring all offers!!
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Take Plymouth rd west
Rooms
Basement Basement
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Block
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I005283C7
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Listed by Prime + Property
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