$935,000
$1,050,000
11.0%For more information regarding the value of a property, please contact us for a free consultation.
13535 E MCNICHOLS Road Detroit, MI 48205
23 Beds
23 Baths
19,000 SqFt
Key Details
Sold Price $935,000
Property Type Multi-Family
Sub Type High Rise
Listing Status Sold
Purchase Type For Sale
Square Footage 19,000 sqft
Price per Sqft $49
Subdivision Michael Greiner Estate (Plats)
MLS Listing ID 20230011476
Style High Rise
Bedrooms 23
Full Baths 23
Year Built 1958
Annual Tax Amount $13,421
Lot Size 0.410 Acres
Property Sub-Type High Rise
Property Description
Great Investment Opportunity!!! Well Maintained, Stabilized and Producing 23 unit Apartment Building. Next door - 13521 (7 units) McNichols is also available for sale. Properties are next to each other and might be sold together. Currently producing at a $182000k a year Gross . Current Net income is $134,000
Projected gross income once fully leased $202,000.00
23 - one bedrooms units
Landlord pays water, gas, electric. Needs advance notice to show. Do not disturb tenants.
Location
State MI
County Wayne
Area Det 8 To Gratiot/Houston To 7
Zoning Multi-Family
Interior
Heating Radiant
Exterior
Garage Spaces 30.0
Roof Type Asphalt
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 Berkshire Hathaway HomeServices The Loft Warehouse