• 13521 E Mcnichols Road Detroit, Michigan 48205

  • $385,000
  • 5
    Bed(s)
  • 7
    Baths
  • 3,140
    Sq Ft
  • 0.14
    Acre

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.

Property Type :

Multifamily

County :

Wayne

Style :

Multifamily

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Property Details

 

Bathroom Information

Total Baths: 7

Full Baths: 7

Heating & Cooling

Cooling: Window Unit(s)

Heating: Heat Pump

Heating Fuel: Heat Pump,Electric

Building Information

Year Built: 1953

Building Stories: 1 Story

Total Units: 7

Foundation/Basement: Slab

Architecture: Ranch

Exterior Features

Construction: Brick

Utility Features

Sewer: Public Sewer (Sewer-Sanitary)

Water

Public (Municipal)

Lot Information

Lot Size: 0.14

Lot Dimensions: 60.00 x 100.00

Frontage Feet: 60

Property Information

SQ ft: 3140

Subdivision: MICHAEL GREINER ESTATE (PLATS)

Financing: Cash,Conventional

Listing Price Information

Original List Price: $385,000

Listing Information

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

Tax Information

Annual Tax: $5,892

Parcel Number: W21I020311S

Possession

At Close

Legal Information

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

Multi-Unit Information

Presently Zoned: 1

Road Frontage: Paved

Unit 1 Information

# of Bedrooms: 5

School Information

School District: Detroit

Utility Information

Water:Public (Municipal)

Sewer:Public Sewer (Sewer-Sanitary)

Nearby Home Value

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
MLS Logo

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.

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