Size
-
Lot size
8160 sqft
Street frontage
-
Possession
30-59 days
Price per sqft
$29 - $380
Taxes
$8,410 (2024)
Parking Type
-
Style
2-Storey
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Description
15 Unit building. Property is Fully Tenanted! Building current use consist of 3 - One Bedroom Units and 6 - Bachelor Units and 6 - Studio Rooms. BONUS Vacant Lot Built-To-Suit next to Property INCLUDED. Gross Annual revenue $151,000. Annual Expenses $39k. With 6% Cap RATE. Projected Cap Rate at 8.3% Building is Located next to A State-Of-The-Art Retirement Home. Walk to Riverside Waterfront with Amazing Detroit Skyline views! Steps to Ceasers Palace, Detroit-Windsor Tunnel, VIA Rail Station, J.P. Wiser Factory. High-Tech Network System - Keyless Entry System throughout the Building and Units - No Keys Required! On-Site coin-operated Laundry Room. **EXTRAS** All Units Above-Ground. 15 Fridges, 10 Microwaves, 4 Stoves, 6 Induction Cooktops
Broker: RIGHT AT HOME REALTY
MLS®#: X12118124
Property details
Parking:
15
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
5000-65535 sqft
Lot front:
80 Ft
Lot depth:
102 Ft
Listed on:
May 1, 2025
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Instant estimate:
orto view instant estimate
$153,217
lower than listed pricei
High
$1,858,996
Mid
$1,746,773
Low
$1,699,254
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