16085 E 7 MILE Road

    Detroit, MI 48205
    • $449,900
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: 219033028
    $449,900
    • 0
      BEDS
    • 0.44
      ACRES
    • 10
      BATHS
    • 0
      1/2 BATHS
    • 8,694
      SQFT
    • $52
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Zoning: Commercial
    Lot Size Dimensions: 182.50X100.00

    School Ratings & Info

    School District:

    Description

    EXCELLENT 10 UNIT INCOME PRODUCING TURN-KEY PROPERTY 100% SECTION 8 OCCUPIED. START MAKING MONEY THE MINUTE YOU CLOSE. MOST TENANTS HAVE BEEN IN THE UNITS ON AVERAGE OF 3-5 YEARS. NEWER WINDOWS, GUTTERS, HEATING, PLUMBING AND ELECTRICAL. TAXES HAVE BEEN APPEALED AND ARE LESS THAN $4,500 ANNUALLY. NOWHERE ELSE CAN YOU PAY LESS THAN $45,000 PER DOOR AND PRODUCE $750 IN RENTAL INCOME PER MONTH (MULTIPLIED BY 10 DOORS OR UNITS). THIS BUILDING IS A NO-BRAINER FOR ANY INVESTOR LOOKING TO COLLECT THAT STEADY CASH FLOW MONTH OVER MONTH. CALL AGENT FOR A LIST OF 3 OTHER GREAT PROPERTIES ALSO FOR SALE BY THE SAME SELLER.

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    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Toth Team - Keller Williams Ann Arbor Market Center are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-04-24T23:56:27.81.
    www.homesearchannarbor.com/homes/93687153

    16085 E 7 MILE Road Detroit, MI 48205

    • Price: $449,900
    • Status: Active
    • MLS #: 219033028
    0
    Beds
    10
    Baths
    0
    ½ Baths
    0.44
    Acres
    8,694
    SQFT
    $52
    $/SQFT
    1947
    Built
    Neighborhood:
    Avalon Heights (Plats)
    County:
    Wayne
    Area:
    Det 8 To Gratiot/Houston To 7
    School District:
    DETROIT
    Property Description
    EXCELLENT 10 UNIT INCOME PRODUCING TURN-KEY PROPERTY 100% SECTION 8 OCCUPIED. START MAKING MONEY THE MINUTE YOU CLOSE. MOST TENANTS HAVE BEEN IN THE UNITS ON AVERAGE OF 3-5 YEARS. NEWER WINDOWS, GUTTERS, HEATING, PLUMBING AND ELECTRICAL. TAXES HAVE BEEN APPEALED AND ARE LESS THAN $4,500 ANNUALLY. NOWHERE ELSE CAN YOU PAY LESS THAN $45,000 PER DOOR AND PRODUCE $750 IN RENTAL INCOME PER MONTH (MULTIPLIED BY 10 DOORS OR UNITS). THIS BUILDING IS A NO-BRAINER FOR ANY INVESTOR LOOKING TO COLLECT THAT STEADY CASH FLOW MONTH OVER MONTH. CALL AGENT FOR A LIST OF 3 OTHER GREAT PROPERTIES ALSO FOR SALE BY THE SAME SELLER.
    Exterior Features

    Architecture Level 2 Story Architecture Style Other Construction Materials Brick Foundation Details Basement Foundation Materials Block Lot Size Dimensions 182.50X100.00 Multifamily Parking On Street Pool YN No Road Frontage Feet 182 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

    Interior Features

    Basement Type Unfinished Basement YN Yes Baths Total 10.00 Heating Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 8694 Sq Ft Source Seller App Sq Ft Total Basement 700 Unit Efficiency Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 10

    Property Features

    Assessment 0 Encroachment YN No Gross Scheduled Income 90000.00 Income Projection Actual Inventory List YN No Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Rental Income 7500 Net Operating Income 50790.00 Number Of Units Leased 10 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Detroit Protection Period 90 Restrictions YN No Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 4080.0000 Tax Amount Winter 490.0000 Title Private - Owned Total Tax 4570.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 16085 E 7 MILE RD Water Source Municipal Water Zone Conform YN Yes Zoning Commercial

    IDX provided courtesy of Realcomp II Ltd., via Century 21 Curran & Oberski and Realcomp, ©2019 Realcomp II Ltd. Shareholders.
    Copyright 2019 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Toth Team - Keller Williams Ann Arbor Market Center are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2019-04-24T23:56:27.81.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104