Detroit, MI 48221,16810 Baylis Street
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Detroit, MI 48221,16810 Baylis Street
Detroit, MI 48221,16810 Baylis Street
Detroit, MI 48221,16810 Baylis Street
Detroit, MI 48221,16810 Baylis Street

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$ 599,900
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16810 Baylis Street Detroit, MI 48221

5 Beds

5 Baths

5,352 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Common Entry Building

Listing Status Active

Purchase Type For Sale

Square Footage 5,352 sqft

Price per Sqft $112

Subdivision Nagels Golf Club

MLS Listing ID 20251015492

Style Common Entry Building

Bedrooms 5

Full Baths 5

Year Built 1927

Annual Tax Amount $134

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 57.6X117.78

Property Sub-Type Common Entry Building

Source Realcomp II Ltd

Property Description

Fully updated and income-producing 5-unit apartment building, offering a strong opportunity for investors. Each unit is currently occupied by reliable tenants, all of whom have been in place for approximately three years and wish to stay. All leases are month-to-month, leaving flexibility for the new owner. Recent upgrades include energy-efficient appliances, a new furnace, and a new hot water tank. No major repairs are needed. Approximately 15 years remain on the tax abatement. Located near expressways, just 15 minutes from downtown Detroit and 20 minutes from Detroit Metro Airport. Great 8.5% cap rate in an up-and-coming Detroit neighborhood.

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Multi-Family

Direction East Of Livernois, South Of McNichols

Rooms

Basement Unfinished

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Road Frontage Paved

Garage yes

Private Pool No

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Common Entry Building

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID 08010056

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional, FHA, VA

Rebuilt Year 2020

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA


Realcomp MLS
Listed by Chad Apap of EXP Z Real Estate
agent

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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