Six-unit multifamily property consisting of five one-bedroom units and one studio. Located directly across the street from the Dearborn border. Property is currently 33% occupied with two tenants in place paying $900 and $700 per month. Four units have been recently renovated and are projected to lease at approximately $950… Read More per month each. Projected gross income at full occupancy is approximately $64,800 annually. The property features a brand-new roof, brand-new boiler, and new water heater, significantly reducing major capital expenditure concerns. In addition, the building has newer vinyl windows throughout. Two units are outdated but functional. Opportunity to increase value through lease-up and strategic updates to the remaining outdated units. Buyer and buyer's agent to verify all information. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Pro Realty Group, (248) 600-7000
Listing Snapshot
Days Online
50
Last Updated
Property Type
Commercial
Square Ft.
3,400
Lot Size
0.1 Acres
Year Built
1957
MLS Number
20261009269
30 Days Snapshot Of 48228
$72k
+12%
(avg) sold price
27
-48%
homes sold
76
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Building
Built in 1957, 3,400 total square feet, 3,400 main square feet, 6 total units, Brick
Foundation
Slab
Water Features
Public (Municipal)
Lot
Lot size area: 0.10, Lot size dimensions: 43.5X100
Miscellaneous
Gross scheduled income: $64,800, Net operating income: $52,580, Operating expense: $12,220, Residential, Apartments, Real Estate Only
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Confirm your time
Fill in your details and we will contact you to confirm a time.