Thank you
Dmitriy Selektor
EXP Realty LLC
888-501-7085
Great Investment Opportunity!!! Well Maintained, Stabilized and Producing 7 unit Apartment Building. Offered at 11% CAP rate. Next door - 13535 (23 units) McNichols is also available for sale. Properties are next to each other and might be sold together. Currently producing at a $63k a year Gross . Current Net income is $43,811. Projected gross income once fully leased $68,200. Landlord pays water, gas, electric. Needs advance notice to show. Do not disturb tenants.
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Total Baths: 7
Full Baths: 7
Cooling: Window Unit(s)
Heating: Heat Pump
Heating Fuel: Heat Pump,Electric
Year Built: 1953
Building Stories: 1 Story
Total Units: 7
Foundation/Basement: Slab
Architecture: Ranch
Construction: Brick
Sewer: Public Sewer (Sewer-Sanitary)
Public (Municipal)
Lot Size: 0.14
Lot Dimensions: 60.00 x 100.00
Frontage Feet: 60
SQ ft: 3140
Subdivision: MICHAEL GREINER ESTATE (PLATS)
Financing: Cash,Conventional
Original List Price: $385,000
Possession: At Close
Legal Description: N--E MC NICHOLS RD E 20 FT 242 243 MICHAEL GREINER ESTATE SUB L41 P67 PLATS, W C R 21/611 60 X 100
Annual Tax: $5,892
Parcel Number: W21I020311S
At Close
Legal Description: Section: N--E MC NICHOLS RD E 20 FT 242 243 MICHAEL GREINER ESTATE SUB L41 P67 PLATS, W C R 21/611 60 X 100
Presently Zoned: 1
Road Frontage: Paved
# of Bedrooms: 5
School District: Detroit
Water:Public (Municipal)
Sewer:Public Sewer (Sewer-Sanitary)
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
16062 Carlisle Street , Detroit, MI,48205 | $55,000 | 3 | 1 | 957 | 0.12 Acre |
18095 Pelkey Street , Detroit, MI,48205 | $5,000 | 6 | 3.5 | 3,534 | 0.12 Acre |
18088 Pelkey Street , Detroit, MI,48205 | $55,000 | -- | -- | -- | 0.11 Acre |
14404 Manning Street , Detroit, MI,48205 | $22,000 | -- | -- | -- | 0.11 Acre |
14405 Manning Street , Detroit, MI,48205 | $45,000 | -- | -- | -- | 0.09 Acre |
13535 E Mcnichols Road , Detroit, MI,48205 | $1,050,000 | 23 | 23 | 19,000 | 0.41 Acre |
17665 NW Hoover Street Ne, Detroit, MI,48205 | $90,000 | 3 | 1 | 924 | 0.11 Acre |
18932 Alcoy Street , Detroit, MI,48205 | $69,900 | 3 | 1 | 1,100 | 0.12 Acre |
16226 Fairmount Drive , Detroit, MI,48205 | $69,900 | 3 | 1 | 979 | 0.12 Acre |
13452 Tacoma Street , Detroit, MI,48205 | $85,000 | 3 | 1 | 900 | 0.09 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 05/01/2024 @ 19:01
MLS: 585954492
LISTED BY: Dmitriy Selektor , EXP Realty LLC
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3%
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.