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$350,000
Est. payment /mo
9 Baths
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 20261009910
Year Built 1925
Annual Tax Amount $6,031
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 45X120
Source Realcomp
Property Description
Excellent investment opportunity! This fully occupied 9-unit apartment building offers strong, consistent cash flow with each unit featuring 1 bedroom and 1 bathroom. Rental income varies, with some units leased at $700 per month and others at $750 per month, providing immediate returns for both new and experienced investors. Each unit offers a comfortable layout designed for everyday convenience, and tenants benefit from a coin operated community washer and dryer on site, adding extra value and additional income potential. This is a fantastic opportunity to generate steady rental income while building long term equity. Whether you're expanding your portfolio or entering the multifamily market, this property checks all the boxes. Don't miss out!
Location
State MI
County Wayne
Zoning Multi-Family,Residential
Direction S of Davidson / W of Livernois
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W16I025190S
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Listed by EXP Realty Main
Nearby School & Business
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Nick Schweihofer
Team Leader, Broker License ID: 6506047709
Team Leader, Broker License ID: 6506047709
REVIEWS
- Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!Gordon L
- Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!Emily Rzeszutko
- Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!Kayla Kocal
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