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$995,000
Est. payment /mo
14 Baths
0.32 Acres Lot
UPDATED:
11/19/2024 03:53 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240085714
Originating Board Realcomp
Year Built 1967
Annual Tax Amount $23,533
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 140.00 x 100.00
Property Description
Excellent opportunity to own and operate a 14 unit apartment building on the far west side of Detroit. An already well managed asset, this building falls on the immediate border of Redford and Dearborn Heights, and surrounding home values and rents contribute to a potentially bright future of appreciation. This property both cash flows now and has meat on the bones for rent increases that will lead to a higher NOI and ultimately a higher valuation as a result. Offering memorandum and rent roll available upon request.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction On Warren Ave Between Ann Arbor Trail And Outer Drive
Rooms
Basement Slab
Interior
Heating Hot Water
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W22I000450C6
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Keller Williams Somerset