Detroit, MI 48224,10311 CADIEUX Road

$675,000

Est. payment /mo

$675,000

Est.Price: ?

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10311 CADIEUX Road Detroit, MI 48224

12 Beds

12 Baths

7,228 SqFt

SOLD DATE : 06/14/2024

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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Realcomp MLS
Listed by Guy R Gailliard of Downtown Realty
Bought with Downtown Realty

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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