4470 E OUTER Drive new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48234
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250023974
Originating Board Realcomp
Year Built 1956
Annual Tax Amount $28,646
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 104.00 x 125.00
Property Description
Welcome to 4470 E Outer Dr, a renovated 2-story, 2-building garden style 18-unit brick apartment building. All units are 1-bed, 1-bath situated on a 13,068 sq ft site with great curb appeal. With 8 agency tenants and 10 cash tenants, this building comes fully occupied and stabilized with room yet to increase rents significantly without large capital expenditures. Two newer boilers have been installed, the roof is newer, and the windows are newer and vinyl as well. There is also a parking lot with plenty of parking for tenants. Overall, an ideal opportunity to both cash flow now and value add through a simpler business plan of raising rents in already quality units. Offering memorandum, rent roll and P&L are available upon request.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction Outer Dr E and Stotter St
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W15I005039C40
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional