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Jessica A Wilson

jannewilsonrealtor@gmail.com +1(313) 399-5605

$ 1,000,000

Est. payment | -/mo

16 Beds

16 Baths

10,590 SqFt

Save

$ 1,000,000

Est. payment | -/mo

Save

16 Beds

16 Baths

10,590 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 10,590 sqft

Price per Sqft $94

Subdivision Onahome Sub

MLS Listing ID 58050199868

Bedrooms 16

Full Baths 16

Year Built 1948

Lot Size 0.460 Acres

Acres 0.46

Property Sub-Type MultiFamily

Property Description

Calling all investors! 16-unit apartment complex featuring all one-bedroom, one-bath units. Extensively updated with new plumbing, updated electrical, newer windows, and brand-new furnaces. Half the units offer electric baseboard heat, while the others have individual furnaces. Tenants pay gas and electric, keeping operating costs low. Units have been renovated with updated kitchens and baths, new flooring, fresh paint, and stainless steel appliances. 90%+ occupied and generating a strong 12% cap rate. Property has completed Step 1 of the Pilot Program, with seller working toward full approval with two steps remaining. Don't miss this great investment opportunity!

Location

State MI

County Wayne

Area Area05054Det8Togratiothoustonto7

Interior

Heating Baseboard, Electric, Natural Gas, Other Heating Source, Separate Meters

Fireplace No

Exterior

View Y/N No

Building

Foundation Basement

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition ShortSaleNo, Standard

Listed by Justin Zehel of Keller Williams Paint Creek

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(313) 399-5605

jannewilsonrealtor@gmail.com

6838 Park Ave, Allen Park, MI 48101-2036, USA

Learn More About LPT Realty

18059 Hoover ST Detroit, MI 48205