3550 Montclair Street, Detroit, MI 48214
3550 Montclair Street, Detroit, MI 48214
3550 Montclair Street, Detroit, MI 48214
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$599,900
Est. payment /mo
16 Baths
10,018 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20251033366

Year Built 1925

Annual Tax Amount $18,135

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 58.5X172.83

Source Realcomp

Property Description

**INVESTORS** This is your opportunity to add an updated 16 unit brick apartment building to your portfolio! The property has 7 of the 16 units occupied! The property was significantly updated in 2022, with updates including all-new windows, a new roof, 2 new boilers and HWTs, some updated electrical and plumbing, 5 of the 16 units were completely remodeled w/ updated kitchens and bathrooms, and the remaining 11 have had rental turnovers completed! Best of all, this is both a turn-key and value add property, as the front half of the basement has space to add 4 units and has been gutted in preparation for the new owner to begin the work. Each unit's electricity and cooking gas are metered separately while the owner pays for heating, common area electric, and water. The property is also located a few blocks away from Chrysler/Stellantis's new auto manufacturing plant which is expected to have a positive economic impact on the surrounding areas. Transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all-cash, privately financed, or HELOC.

Location

State MI

County Wayne

Zoning Commercial

Direction From Goethe turn North on Montclair

Interior

Heating Radiant, Steam

Exterior

View Y/N No

Roof Type Other

Building

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W21I040671S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by RE/MAX Leading Edge

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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Name

Phone*

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