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$ 499,999
Est. payment | /mo
8 Baths
3,049 Sqft Lot
$ 499,999
Est. payment | /mo
8 Baths
3,049 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261044105
Year Built 1930
Annual Tax Amount $13,986
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 51X60
Source Realcomp
Property Description
Eight 1-bedroom units ideally positioned near Wayne State University, Detroit Medical Center, and Midtown, prime territory for student and workforce housing demand.. Projected gross income of $76,800/year at market rents.. Brick construction, forced air heat, public water/sewer. Minutes from Downtown Detroit, major freeways, restaurants, and local amenities. Cash or conventional financing only. Do not disturb tenants. Call for appointment, At $800/month per unit, projected gross income of $76,800/year with a potential cap rate exceeding 9% at list price
Location
State MI
County Wayne
Zoning Multi-Family
Direction 96
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W14I004125S002L
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by RE/MAX Leading Edge
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