13441 E 7 Mile Rd

    Detroit, MI 48205
    • $375,000
    • STATUS: Active
    • ON SITE: 12 days
    • MLS #: R219020719
    UPDATED: 53 min ago
    $375,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 7,312
      SQFT
    • $51
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    School District:

    Description

    You just don't find building this well kept at this price point! Perfect for the owner operator looking to grow their portfolio. Ten unit apartment building with 8 one-bedroom apartments, two-2 bedroom apartments. Paying a total of 7 units x $450 per month + 1 Sec 8 Unit paying 600 Month and 2 units x $525 = $4650 per month = $57,600 per year. Average age of tenant is 55 years old. Never any vacancy ever. Plenty of opportunity to raise the rents. Tenants are a tight knit group who value their homes! On site laundry generates additional income. Opportunity to place vending machines in basement as well for other revenue streams.

    Monthly Payment Calculator



    © 2019 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Toth Team - Keller Williams Ann Arbor Market Center. Data last updated: 2019-03-25T23:11:47.717.
    www.homesearchannarbor.com/homes/92629379

    13441 E 7 Mile Rd Detroit, MI 48205

    • Price: $375,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: R219020719
    0
    Beds
    1
    Baths
    0
    ½ Baths
    0.23
    Acres
    7,312
    SQFT
    $51
    $/SQFT
    1965
    Built
    Neighborhood:
    Bal Of Wayne Co
    County:
    Wayne
    Area:
    Bal Of Wayne Co
    School District:
    DETROIT
    Property Description
    You just don't find building this well kept at this price point! Perfect for the owner operator looking to grow their portfolio. Ten unit apartment building with 8 one-bedroom apartments, two-2 bedroom apartments. Paying a total of 7 units x $450 per month + 1 Sec 8 Unit paying 600 Month and 2 units x $525 = $4650 per month = $57,600 per year. Average age of tenant is 55 years old. Never any vacancy ever. Plenty of opportunity to raise the rents. Tenants are a tight knit group who value their homes! On site laundry generates additional income. Opportunity to place vending machines in basement as well for other revenue streams.
    Exterior Features

    Lot Dimensions 80.00X125.00 Parking Spaces 0

    Interior Features

    Basement Yes Basement Type Partially Finished Num Efficiencies 0 Num One Bed Units 0 Num Three Bed Units 0 Num Two Bed Units 0 Sq Ft Finished Above Grade 7312 Sq Ft Finished Below Grade 0 Sq Ft Total Finished 7312 Total Bedrooms 0

    Property Features

    Agreement Type Exclusive Rt To Sell Annual Rental Income Realcomp Annual Rental Income1 57800.00 Certified Year 0 City Or Township City Exp From Tax Return 0.00 Legal Description N Seven Mile Rd E 86&85 Van Dammes Sub L43 P50 PlatsW C R 21/638 80 X 125 Misc Expenses 0.00 Ownership Private Owned Projected Or Actual Actual State Eq Value 0 State Eq Value Year 0 Summer Taxes 0.00 Summer Taxes Year 0 Tax Value 0 Tax Value Year 0 Tax Year 0 Taxes 14562.00 Winter Taxes 0.00 Winter Taxes Year 0

    Listing provided courtesy of Social Realty Llc.


    © 2019 Ann Arbor Area Association of Realtors Multiple Listing Service. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Toth Team - Keller Williams Ann Arbor Market Center. Data last updated: 2019-03-25T23:11:47.717.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104