$675,000
$675,000
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10311 CADIEUX Road Detroit, MI 48224
12 Beds
12 Baths
7,228 SqFt
Key Details
Sold Price $675,000
Property Type Multi-Family
Sub Type Common Entry Building
Listing Status Sold
Purchase Type For Sale
Square Footage 7,228 sqft
Price per Sqft $93
Subdivision More Than One Subdivision Involved
MLS Listing ID 20240018770
Style Common Entry Building
Bedrooms 12
Full Baths 12
Year Built 1962
Annual Tax Amount $14,417
Lot Size 9,147 Sqft
Property Description
Rare opportunity don't let this pass you by. 100% occupancy and all rents are at market rate. The average rent is just over $1000. No deferred maintenance, start cash flowing from day 1. 10 of the 12 units are section 8 with regular rent increases each year. All tenants are in a lease. The owner pays for water, heat, and some electricity. The water bill averages $400. Also, the taxes were just lowered. This means more cash in your pocket. No showings without an accepted offer. The buyer will receive a warranty deed, title insurance, and a clear title. The buyer is to pay a $495 transaction fee to Downtown Realty. The agent is part of the LLC selling the property. ***DO NOT DISTURB THE TENANTS***
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Zoning Multi-Family
Interior
Hot Water Natural Gas
Heating Baseboard, Radiant
Cooling Ceiling Fan(s), Wall Unit(s)
Exterior
Garage Spaces 6.0
Roof Type Rubber
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Downtown Realty
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