HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details

Larry Else

larry@dtrdetroit.com +1(313) 315-3215

$ 749,900

Est. payment -/mo

Save

Active

3550 Montclair Street Detroit, MI 48214

16 Beds

16 Baths

10,944 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Common Entry Building,Other

Listing Status Active

Purchase Type For Sale

Square Footage 10,944 sqft

Price per Sqft $68

Subdivision Hendries (Plats)

MLS Listing ID 20251033366

Style Common Entry Building,Other

Bedrooms 16

Full Baths 16

Year Built 1925

Annual Tax Amount $18,135

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 58.5X172.83

Property Sub-Type Common Entry Building,Other

Source Realcomp II Ltd

Property Description

**INVESTORS** This is your opportunity to add an updated 16 unit brick apartment building to your portfolio! The property has 7 of the 16 units occupied! The property was significantly updated in 2022, with updates including all-new windows, a new roof, 2 new boilers and HWTs, some updated electrical and plumbing, 5 of the 16 units were completely remodeled w/ updated kitchens and bathrooms, and the remaining 11 have had rental turnovers completed! Best of all, this is both a turn-key and value add property, as the front half of the basement has space to add 4 units and has been gutted in preparation for the new owner to begin the work. Each unit's electricity and cooking gas are metered separately while the owner pays for heating, common area electric, and water. The property is also located a few blocks away from Chrysler/Stellantis's new auto manufacturing plant which is expected to have a positive economic impact on the surrounding areas.

Location

State MI

County Wayne

Area Det: Mcclellan East/Mack To Shor

Zoning Commercial

Direction From Goethe turn North on Montclair

Rooms

Basement Unfinished, Common

Interior

Interior Features Cable Available, Circuit Breakers, Laundry Facility

Heating Radiant, Steam

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Roof Type Asphalt,Other

Road Frontage Paved

Garage no

Private Pool No

Building

Foundation Basement

Sewer Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Common Entry Building, Other

Level or Stories 3 Story

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed No

Tax ID W21I040671S

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional, Warranty Deed

Rebuilt Year 2022

Listing Terms Cash, Conventional, Warranty Deed

Financing Cash,Conventional,Warranty Deed

Listed by Ryan E Kain of RE/MAX Leading Edge

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

GET MORE INFORMATION

QUICK SEARCH

Homes For Sale in Detroit, MI