250 W Margaret Street

    Highland Park, MI 48203
    • $842,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: R218007277
    UPDATED: 45 min ago
    $842,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,338
      SQFT
    • $115
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1927
    County:

    School Ratings & Info

    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.

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    © 2018 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: 2018-02-24T20:11:43.857.
    www.homesearchannarbor.com/homes/80317996

    250 W Margaret Street Highland Park, MI 48203

    • Price: $842,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: R218007277
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    7,338
    SQFT
    $115
    $/SQFT
    1927
    Built
    Neighborhood:
    Bal Of Wayne Co
    County:
    Wayne
    Area:
    Bal Of Wayne Co
    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

    Doors At Grade 0 Exterior Brick Foundation Slab Loading Docks 0 Lot Dimensions 42.00X100.00 Parking Spaces 0

    Interior Features

    Basement Yes Clear Ceiling Height 0.00 Floors Concrete Slab Office Sq Ft 0 Restrooms 0 Retail Sq Ft 0 Total Sq Ft 7338

    Property Features

    Agreement Type Sale Annual Operating Expenses 0.00 Approx Inventory Amount 0 Associations Realcomp Building Value 0 Certified Year 0 City Or Township City Commercial Subtype Commercial Cost Of Goods Sold 0 Deposit 0.00 Electric Amount 0 Equipment Value 0 Financing Terms Cash Fuel Type Gas Goodwill Amount 0 Gross Income Amount 222540 Gross Sales Amount 0 Income Year 0 Janitorial Amount 0 Land Value 0 Lease Amount 0 Legal Description N W Margaret 108 Grix Home Park L29 P52 PlatsW C R 1/170 42 X 100 Less Oper Expenses Amount 0 Maintenance Amount 0 Municipality Detroit Net Income Amount 144540.00 Ownership Private Owned Possession Closing Present Use Apartments BldgTwo Families And Single Families Sewer Type Public Square Footage Source Tax Record State Eq Value 0 State Eq Value Year 0 Summer Taxes 3695.00 Summer Taxes Year 0 Tax Value 0 Tax Year 0 Water Amount 0 Winter Taxes 534.00 Winter Taxes Year 0 Zoning Multi-Family

    Listing provided courtesy of Re/Max Dream Properties.


    © 2018 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: 2018-02-24T20:11:43.857.
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104