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$800,000
Est. payment /mo
12 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Detroit City
Subdivision Detroit City
MLS Listing ID 50170394
Originating Board MiRealSource
Year Built 1929
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35x112x35x112
Property Description
Investor Special! Exceptional investment opportunity with strong, stabilized rents with a 15% cap rate! This package deal includes an 8-unit apartment building and a 12-unit apartment complex, totaling 20 units. • 8-Unit Complex: Features updated windows and newer HVAC systems. • 12-Unit Complex: Equipped with newer HVAC systems. • All Units: 1-bedroom, 1-bathroom layouts in good condition. • Heating: No boilers—each unit has a forced-air furnace. Ideal for first-time investors! Rent rolls and expense reports are available upon request. Serious buyers only. Seller financing is available—just ask! Other address included is 18625 Schoenherr St, Detroit, MI 48205.
Location
State MI
County Wayne
Area Wayne County - 100
Interior
Heating Forced Air
Exterior
View Y/N No
Others
Acceptable Financing Cash, Purchase Money Mtg
Listing Terms Cash, Purchase Money Mtg
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Listed by Keller Williams Paint Creek