5970 Proctor Street

    Detroit, MI 48210
    • $175,000
    • STATUS: Sold
    • ON SITE: 270 days
    • MLS #: 219020934
    Sold - 05/23/2019
    $175,000
    SOLD - 05/23/2019
    • 0
      BEDS
    • 0.06
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 2,472
      SQFT
    • $0
      $/SQFT
    Type:
    Multi-Family
    Built:
    1923
    County:
    Zoning:
    Commercial
    Lot Size Dimensions:
    30.00X90.80

    School Ratings & Info

    School District:

    Description

    REDUCED 5/7/2019! BUILDING IN COMPLIANCE SEE ATTACHED LEAD CLEARANCE! ALL SECTION 8 INSPECTION PASS NOTICES IN HAND. Every investors dream! Cash flowing brick apartment building at a net return of 19.88% ROI, self managed. 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. 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 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: 2019-12-10T20:56:07.567.
    www.homesearchannarbor.com/homes/92683494

    5970 Proctor Street Detroit, MI 48210

    • Price: $200,000
    • Status: Sold
    • Updated: 37 min ago
    • MLS #: 219020934
    0
    Beds
    5
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,472
    SQFT
    $0
    $/SQFT
    1923
    Built
    Neighborhood:
    Seymour & Troesters Michigan Ave (Plats)
    County:
    Wayne
    Area:
    Det South Of Grand River
    School District:
    DETROIT
    Property Description
    REDUCED 5/7/2019! BUILDING IN COMPLIANCE SEE ATTACHED LEAD CLEARANCE! ALL SECTION 8 INSPECTION PASS NOTICES IN HAND. Every investors dream! Cash flowing brick apartment building at a net return of 19.88% ROI, self managed. 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. 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

    Architecture Level 2 Story Architecture Style Other Construction Materials BrickOther Exterior Features Outside LightingPrivate Entry Foundation Details Basement Foundation Materials Block Lot Size Dimensions 30.00X90.80 Multifamily Parking Assigned SpacesOn Street Parking Total 5 Pool YN No Road Frontage Feet 2472 Road Frontage Type PavedPub. Sidewalk Roof Material Asphalt Waterfront YN No

    Interior Features

    Basement Type Private Basement YN Yes Baths Total 5.00 Heating Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 2472 Sq Ft Source Prd Sq Ft Total Basement 1236 Unit Efficiency Number Of 0 Unit One Bed Number Of 2 Unit Three Bed Number Of 1 Unit Two Bed Number Of 2 Water Heater Fuel Natural Gas

    Property Features

    Assessment 340 Encroachment YN No Gross Scheduled Income 48036.00 Income Projection Actual Land Contract YN No Legal Rental Certified YN Yes Listing Financing Cash Monthly Rental Income 4003 Net Operating Income 39569.00 Number Of Units Leased 5 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Detroit Protection Period 180 Rent Includes Garbage Pickup Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 464.0000 Tax Amount Winter 36.0000 Title Private - Owned Total Tax 500.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 5970 Proctor St Water Source Municipal Water Year Remodeled 2018 Zoning Commercial

    IDX provided courtesy of Realcomp II Ltd., via Kw Domain and Realcomp, ©2019 Realcomp II Ltd. Shareholders.


    © 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: 2019-12-10T20:56:07.567.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104