73 E Palmer Street

    Detroit, MI 48202
    • $1,259,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 219015763
    Price Reduced
    UPDATED: 52 min ago
    $1,259,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 14
      BATHS
    • 0
      1/2 BATHS
    • 13,148
      SQFT
    • $96
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:
    Zoning: Multi-Family
    Lot Size Dimensions: 50.00X171.20

    School Ratings & Info

    School District:

    Description

    MIDTOWN! Located just east of Woodward, 73 E. Palmer consists of 14 apartments including studio, one and two bedroom units. All units have separate forced air heating, hot water and electric. Parking is at the rear or on -street. A perfect location, the property is one-half block from the Q-Line which provides access to everything between New Center and Downtown. Located nearby the Wayne State University campus, the museums of the Cultural Center plus all the shops and restaurants of the ever changing landscape of Midtown and New Center. Huge upside potential for rental units or condo conversion.

    Monthly Payment Calculator

    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: 2019-03-25T12:59:45.32.
    www.homesearchannarbor.com/homes/92184550

    73 E Palmer Street Detroit, MI 48202

    • Price: $1,259,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 219015763
    0
    Beds
    14
    Baths
    0
    ½ Baths
    0.2
    Acres
    13,148
    SQFT
    $96
    $/SQFT
    1928
    Built
    Neighborhood:
    Bratshaws Sub
    County:
    Wayne
    Area:
    Det: Livernois-i75 6-gd River
    School District:
    DETROIT
    Property Description
    MIDTOWN! Located just east of Woodward, 73 E. Palmer consists of 14 apartments including studio, one and two bedroom units. All units have separate forced air heating, hot water and electric. Parking is at the rear or on -street. A perfect location, the property is one-half block from the Q-Line which provides access to everything between New Center and Downtown. Located nearby the Wayne State University campus, the museums of the Cultural Center plus all the shops and restaurants of the ever changing landscape of Midtown and New Center. Huge upside potential for rental units or condo conversion.
    Exterior Features

    Architecture Level 4-10 Story Architecture Style Common Entry Building Construction Materials Brick Foundation Details Basement Foundation Materials Brick Lot Size Dimensions 50.00X171.20 Multifamily Parking On StreetUnassigned/General Pool YN No Porch Type Porch Road Frontage Feet 50 Road Frontage Type Paved Roof Material Other Waterfront YN No

    Interior Features

    Basement Type Finished Basement YN Yes Baths Total 14.00 Heating Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 14398 Sq Ft Lower Floor 1250 Sq Ft Source Prd Sq Ft Total Basement 1250 Unit Efficiency Number Of 6 Unit One Bed Number Of 1 Unit Three Bed Number Of 0 Unit Two Bed Number Of 7 Water Heater Fuel Natural Gas

    Property Features

    Assessment 100 Encroachment YN No Exclusions YN No Gross Scheduled Income 107400.00 Income Projection Projected Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConv. Blend Rt Monthly Rental Income 8950 Net Operating Income 79570.00 Number Of Units Leased 14 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Detroit Protection Period 180 Rent Includes Water/Sewer Restrictions YN No Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 6442.0000 Tax Amount Winter 765.0000 Title Private - Owned Total Tax 7207.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 73 E PALMER ST Water Source Municipal Water Zone Conform YN Yes Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Renaissance Investment Co, Inc 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: 2019-03-25T12:59:45.32.
     
    The Toth Team - Keller Williams Ann Arbor Market Center
    2144 S State St
    Ann Arbor MI, 48104