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$989,900
Est. payment /mo
11,520 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,520 sqft
Price per Sqft $85
MLS Listing ID 20261079937
Year Built 1969
Annual Tax Amount $8,719
Lot Size 0.530 Acres
Acres 0.53
Lot Dimensions 200x600
Source Realcomp
Property Description
17-UNIT MULTIFAMILY VALUE-ADD OPPORTUNITY IN DETROIT! NEAR-TURNKEY, EXTENSIVELY RENOVATED ASSET WITH MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED, INCLUDING ROOF, WINDOWS, EXTERIOR, FRAMING, DRYWALL, PAINT, LVP FLOORING, AND ROUGH PLUMBING/ELECTRICAL. REMAINING WORK IS PRIMARILY FINAL MECHANICAL AND PLUMBING TRIM, INCLUDING FURNACES, WATER HEATERS, SINKS, FAUCETS, AND SHOWER DIVERTERS. ALL UNITS ARE INDIVIDUALLY SUBMETERED, HELPING REDUCE OWNER UTILITY EXPOSURE. PROPERTY TO BE DELIVERED VACANT, PROVIDING AN OPPORTUNITY FOR NEW OWNERSHIP TO EXECUTE A FRESH LEASE-UP STRATEGY AT CURRENT MARKET RENTS. PROPERTY ALSO PARTICIPATES IN THE DETROIT PILOT TAX ABATEMENT PROGRAM, SUBJECT TO PROGRAM TERMS. STRONG VALUE-ADD POTENTIAL WITH A CLEAR PATH TO STABILIZATION AND INCREASED CASH FLOW. BUYER TO VERIFY ALL INFORMATION, PERMITS, PILOT TERMS, UNIT DETAILS, AND PROJECTED RENTS. FOR MORE INFORMATION, CONTACT THE LISTING AGENT!
Location
State MI
County Wayne
Zoning Commercial,Multi-Family
Direction S of Plymouth | W of Southfield
Rooms
Basement Basement
Exterior
View Y/N No
Building
Foundation Block
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I068254S001
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Listed by RE/MAX Team 2000
NEARBY SCHOOLS & PROPERTIES
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