$400,000
$842,000
52.5%For more information regarding the value of a property, please contact us for a free consultation.
250 W MARGARET ST Detroit, MI 48203
11 Beds
7,338 SqFt
Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 7,338 sqft
Price per Sqft $54
Subdivision Grix Home Park (Plats)
MLS Listing ID 218007277
Bedrooms 11
Year Built 1927
Annual Tax Amount $4,229
Lot Size 4,356 Sqft
Property Description
THIS IS A PART OF PORTFOLIO OF PROPERTIES. A 14 UNIT APARTMENT BUILDING, 5 TWO FAMILY FLATS AND 2 SINGLE FAMILY HOUSES. ALL OF THE PROPERTY IS RENTED. COMBINED ANNUALIZED GROSS SCHEDULED RENTAL INCOME IS $222,540, ANNUAL COMBINED EXPENSES ARE $78,000. ALL PROPERTIES HAVE BEEN MAINTAINED. ALL PROPERTIES ARE ON THE EASTSIDE OF DETROIT. OWNER PAYS ALL UTILITIES IN THE APARTMENT BUILDING, TENANTS PAYS ELECTRIC AND GAS IN SOME OF THE RESIDENTIAL PROPERTIES, OWNER PAYS UTILITIES IN OTHERS. RESIDENTIAL PROPERTIES ARE LOCATED AT 14901-3 MAPLERIDGE, 8071-3 ROBINWOOD, 18655-7 GABLE, 15010 LAPPIN, 14774 WILFRED, 13625 DEAN AND 14101 E STATE FAIR.
Location
State MI
County Wayne
Area Det 6-8 Grfld-Dequindre
Zoning Multi-Family
Interior
Heating Forced Air
Exterior
Pool No
Waterfront no
Building
Foundation Basement, Slab
Sewer Sewer-Sanitary
Water Municipal Water
Structure Type Aluminum,Brick,Vinyl
Schools
School District Detroit
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Full Service
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