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Additional details
$ 900,000
Est. payment /mo
Active Under Contract
16217 Greenfield RD Detroit, MI 48235
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 81025040401
Year Built 1962
Property Sub-Type MultiFamily
Property Description
These two multifamily properties offer strong investment potential with diverse rental opportunities. 16217 Greenfield Road features six units across two stories, with an average unit size of 673 square feet and a 67% occupancy rate. The mix of one- and two-bedroom units appeals to various tenants. 16225 Greenfield Road, with 26 units averaging 586 square feet, includes studios, one-bedroom, and two-bedroom units, with rents ranging from $650 to $900. Both properties offer competitive pricing and a variety of unit types, making them ideal for investors seeking to capitalize on the demand for affordable rental housing.
Location
State MI
County Wayne
Area Area05033Detschcraft6Grnfldlimits
Interior
Heating ForcedAir, NaturalGas
Cooling WallUnits
Laundry LaundryRoom
Exterior
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Other
Building
Foundation Other
Sewer PublicSewer
Water Public
New Construction No
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Shelby Fulkerson of Hub, LLC