250 W Margaret Street

    Detroit, MI 48203
    • $400,000
    • STATUS: Sold
    • ON SITE: 173 days
    • MLS #: 218007277
    Sold - 06/29/2018
    $400,000
    SOLD - 06/29/2018
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,338
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1927
    County:
    Zoning: Multi-Family
    Lot Size Dimensions: 42.00X100.00

    School Ratings & Info

    School District:

    Description

    THIS IS A PART OF PORTFOLIO OF PROPERTIES. A 14 UNIT APARTMENT BUILDING, 5 TWO FAMILY FLATS AND 2 SINGLE FAMILY HOUSES. ALL OF THE PROPERTY IS RENTED. COMBINED ANNUALIZED GROSS SCHEDULED RENTAL INCOME IS $222,540, ANNUAL COMBINED EXPENSES ARE $78,000. ALL PROPERTIES HAVE BEEN MAINTAINED. ALL PROPERTIES ARE ON THE EASTSIDE OF DETROIT. OWNER PAYS ALL UTILITIES IN THE APARTMENT BUILDING, TENANTS PAYS ELECTRIC AND GAS IN SOME OF THE RESIDENTIAL PROPERTIES, OWNER PAYS UTILITIES IN OTHERS. RESIDENTIAL PROPERTIES ARE LOCATED AT 14901-3 MAPLERIDGE, 8071-3 ROBINWOOD, 18655-7 GABLE, 15010 LAPPIN, 14774 WILFRED, 13625 DEAN AND 14101 E STATE FAIR.

    Monthly Payment Calculator

    Copyright 2018 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: 2018-07-22T21:57:18.21.
    www.homesearchannarbor.com/homes/80317443

    250 W Margaret Street Detroit, MI 48203

    • Price: $842,000
    • Status: Sold
    • Updated: 50 min ago
    • MLS #: 218007277
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    7,338
    SQFT
    $0
    $/SQFT
    1927
    Built
    Neighborhood:
    GRIX HOME PARK (PLATS)
    County:
    Wayne
    Area:
    Det 6-8 Grfld-dequindre
    School District:
    DETROIT
    Property Description
    THIS IS A PART OF PORTFOLIO OF PROPERTIES. A 14 UNIT APARTMENT BUILDING, 5 TWO FAMILY FLATS AND 2 SINGLE FAMILY HOUSES. ALL OF THE PROPERTY IS RENTED. COMBINED ANNUALIZED GROSS SCHEDULED RENTAL INCOME IS $222,540, ANNUAL COMBINED EXPENSES ARE $78,000. ALL PROPERTIES HAVE BEEN MAINTAINED. ALL PROPERTIES ARE ON THE EASTSIDE OF DETROIT. OWNER PAYS ALL UTILITIES IN THE APARTMENT BUILDING, TENANTS PAYS ELECTRIC AND GAS IN SOME OF THE RESIDENTIAL PROPERTIES, OWNER PAYS UTILITIES IN OTHERS. RESIDENTIAL PROPERTIES ARE LOCATED AT 14901-3 MAPLERIDGE, 8071-3 ROBINWOOD, 18655-7 GABLE, 15010 LAPPIN, 14774 WILFRED, 13625 DEAN AND 14101 E STATE FAIR.
    Exterior Features

    Architecture Level 4-10 Story Construction Materials AluminumBrickVinyl Foundation Details BasementSlab Foundation Materials Block Lot Size Dimensions 42.00X100.00 Road Frontage Feet 42 Road Frontage Type Paved Waterfront YN No

    Interior Features

    Heating Cooling Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Main 7338 Sq Ft Office 0 Sq Ft Source Prd Unit Efficiency Number Of 3 Unit One Bed Number Of 10 Unit Three Bed Number Of 0 Unit Two Bed Number Of 1

    Property Features

    Assessment 0 Business Type Residential Commercial Type Apartments Current Use Apartments BldgTwo Families And Single Families Encroachment YN No Gross Scheduled Income 222540.00 Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Sales 18545 Net Operating Income 144540.00 Operating Expense 78000.00 Ownership Status Private OwnedShort Sale - No Percent Leased 100 Possession Closing Postal City Highland Park Protection Period 360 Restrictions YN No Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 3695.0000 Tax Amount Winter 534.0000 Title Private - Owned Total Tax 4229.0000 Unparsed Address 250 W MARGARET ST Water Source Municipal Water Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Re/Max Dream Properties and Realcomp, ©2016 Realcomp II Ltd. Shareholders.
    Copyright 2018 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: 2018-07-22T21:57:18.21.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104