5970 Proctor St

    Detroit, MI 48210
    • $225,000
    • STATUS: Active
    • ON SITE: 5 days
    • MLS #: R219020934
    New On Site 5 Days Ago
    UPDATED: 14 min ago
    $225,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 2,472
      SQFT
    • $91
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    School District:

    Description

    Every investors dream! Cash flowing investment property at a net return of 15.6% after overhead and management fees. Manage the property yourself at 17.7% ROI. Section 8/MSHDA certified, and all 5 units are 100% occupied with three 2-year contracts. HAP Contracts available upon request. Tenants pay all utilities. Recently remodeled brick apartment building. Low maintenance. Low taxes at around $500 annually, and low insurance at only $4,636 annually. Each unit has own private entry. Close proximity to parks, schools, supermarkets, transportation, and freeways. Only 5 miles from Downtown. Call Jessica for inquires.

    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: 2019-03-20T07:11:41.443.
    www.homesearchannarbor.com/homes/92683689

    5970 Proctor St Detroit, MI 48210

    • Price: $225,000
    • Status: Active
    • Updated: 14 min ago
    • MLS #: R219020934
    0
    Beds
    5
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,472
    SQFT
    $91
    $/SQFT
    1923
    Built
    Neighborhood:
    Bal Of Wayne Co
    County:
    Wayne
    Area:
    Bal Of Wayne Co
    School District:
    DETROIT
    Property Description
    Every investors dream! Cash flowing investment property at a net return of 15.6% after overhead and management fees. Manage the property yourself at 17.7% ROI. Section 8/MSHDA certified, and all 5 units are 100% occupied with three 2-year contracts. HAP Contracts available upon request. Tenants pay all utilities. Recently remodeled brick apartment building. Low maintenance. Low taxes at around $500 annually, and low insurance at only $4,636 annually. Each unit has own private entry. Close proximity to parks, schools, supermarkets, transportation, and freeways. Only 5 miles from Downtown. Call Jessica for inquires.
    Exterior Features

    Construction Other Exterior Features Private Entry Lot Dimensions 30.00X90.80 Parking Spaces 0

    Interior Features

    Basement Yes Num Efficiencies 0 Num One Bed Units 0 Num Three Bed Units 0 Num Two Bed Units 0 Sq Ft Finished Above Grade 2472 Sq Ft Finished Below Grade 0 Sq Ft Total Finished 2472 Total Bedrooms 0

    Property Features

    Agreement Type Exclusive Rt To Sell Annual Rental Income Realcomp Annual Rental Income1 48036.00 Certified Year 0 City Or Township City Exp From Tax Return 0.00 Legal Description E Proctor 426 Seymour & Troesters Michigan Ave Sub L28 P86 PlatsW C R 18/346 30 X 90.77A 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 500.00 Winter Taxes 0.00 Winter Taxes Year 0 Zoning Commercial

    Listing provided courtesy of Kw Domain.


    © 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: 2019-03-20T07:11:41.443.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104