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$1,350,000
Est. payment /mo
22 Baths
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250004800
Year Built 1927
Annual Tax Amount $6,104
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 60.00 x 126.00
Source Realcomp
Property Description
Well maintained multi family asset in University District, only 10 minutes from downtown Detroit! All units are subsidized under Section 8 program with an average rental rate of $1,161. Gross rent collection in 2024 of $195k+ with 2024 NOI $110k+. All major Capex completed (roof, windows, boiler, hot water tank, electrical, and plumbing). Currently two down units which provides the new buyer theopportunity to add additional revenue along with adding laundry.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction N of Lodge Freeway and W of Livernois Enter On Corner Of Livernois & Midland
Interior
Heating Radiant
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W16I007298S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by National Realty Centers, Inc