Thank you
Guy R Gailliard
Downtown Realty
313-466-7253
Rare opportunity don't let this pass you by. 100% occupancy and all rents are at market rate. The average rent is just over $1000. No deferred maintenance, start cash flowing from day 1. 10 of the 12 units are section 8 with regular rent increases each year. All tenants are in a lease. The owner pays for water, heat, and some electricity. The water bill averages $400. Also, the taxes were just lowered. This means more cash in your pocket. No showings without an accepted offer. The buyer will receive a warranty deed, title insurance, and a clear title. The buyer is to pay a $495 transaction fee to Downtown Realty. The agent is part of the LLC selling the property. ***DO NOT DISTURB THE TENANTS***
Sell a home like this and save $40,001 Find Out How
Total Baths: 12
Full Baths: 12
Roof : Rubber
Basement Description: Unfinished,Common Storage Locker
Cooling: Ceiling Fan(s),Wall Unit(s)
Heating: Baseboard,Radiant
Heating Fuel: Natural Gas
Natural Gas
Year Built: 1962
Building Stories: 1 Story
Total Units: 12
Roof: Rubber
Foundation/Basement: Basement
Architecture: Common Entry Building
Construction: Brick
Sewer: Public Sewer (Sewer-Sanitary)
Public (Municipal)
Water Heat: Natural Gas
Lot Size: 0.21
Lot Dimensions: 99.00 x 94.00
SQ ft: 7228
Subdivision: MORE THAN ONE SUBDIVISION INVOLVED
Financing: Cash,Conventional
Original List Price: $675,000
Possession: At Close
Legal Description: W CADIEUX 743 THRU 741 YORKSHIRE WOODS SUB NO 3 L46 P84 PLATS, W C R 21/810 ALSO 386 YORKSHIRE WOODS SUB NO 1 L45 P68 PLATS, W C R 21/678 99.48 IRREG
Annual Tax: $14,417
Parcel Number: W21I075191C3
At Close
Legal Description: Section: W CADIEUX 743 THRU 741 YORKSHIRE WOODS SUB NO 3 L46 P84 PLATS, W C R 21/810 ALSO 386 YORKSHIRE WOODS SUB NO 1 L45 P68 PLATS, W C R 21/678 99.48 IRREG
Parking: 6
Road Frontage: Paved
# of Bedrooms: 12
School District: Detroit
Water:Public (Municipal)
Sewer:Public Sewer (Sewer-Sanitary)
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4814 Wayburn Street , Detroit, MI,48224 | $147,900 | 3 | 1.5 | 1,400 | 0.12 Acre |
4700 Neff Avenue , Detroit, MI,48224 | $32,000 | 2 | 1 | 936 | 0.15 Acre |
3610 Bedford Street , Detroit, MI,48224 | $15,000 | 3 | 1.5 | 1,650 | 0.11 Acre |
9300 Mckinney Street , Detroit, MI,48224 | $104,000 | 3 | 1 | 1,192 | 0.1 Acre |
11102 Courville Street , Detroit, MI,48224 | $109,900 | 4 | 2 | 1,479 | 0.11 Acre |
5035 Philip Street , Detroit, MI,48224 | $46,500 | 3 | 1 | 1,158 | 0.09 Acre |
11784 E Outer Drive , Detroit, MI,48224 | $124,000 | 3 | 1 | 1,172 | 0.11 Acre |
10749 E Outer Drive , Detroit, MI,48224 | $94,500 | 3 | 1 | 1,172 | 0.11 Acre |
10954 Rossiter Street , Detroit, MI,48224 | $69,900 | 2 | 1 | 1,269 | 0.1 Acre |
3690 Somerset Avenue , Detroit, MI,48224 | $119,900 | 4 | 1.5 | 1,712 | 0.11 Acre |
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 05/02/2024 @ 15:13
MLS: 603287677
LISTED BY: Guy R Gailliard , Downtown Realty
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.