13 Beds
19.5 Baths
8,748 SqFt
13 Beds
19.5 Baths
8,748 SqFt
Key Details
Property Type Multi-Family
Sub Type Historic
Listing Status Pending
Purchase Type For Sale
Square Footage 8,748 sqft
Price per Sqft $77
Subdivision Robt Oakmans Ford Highway And Linwood Sub (Plats)
MLS Listing ID 20240066483
Style Historic
Bedrooms 13
Full Baths 13
Half Baths 13
Originating Board Realcomp II Ltd
Year Built 1927
Annual Tax Amount $2,901
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50.00 x 120.00
Property Description
Check out this fantastic 13-unit apartment building in the Oakman Historical District of Detroit. It’s a solid investment with 10 out of the 13 units currently rented, so you’ll start earning right away!
Taxes $3,800 annually
Insurance $6,000 annually
Gas $12,000 annually
Electric $2,400 Annually
Water $9,600 annually
Units 1, 7, 3, 10 are vacant
Unit 2 the building manager lives in and would like to stay, he takes care of the building and grounds in exchange for housing, has been there 20 years
units 6 and 13 pay $600 monthly
remaining units pay $500 monthly
Boiler in basement, original plumbing, fixed when needed and well maintained, newer electrical boxes
Not a government rent controlled building and no tenants are section 8
All units are the same layout, 1 bed 1 bath, some have carpet, some have wood floors. Tenants pay electric and cooking gas.
windows are 4 years old, roof is under 10 years old
Located in a charming historic neighborhood with lots of character.
This property combines historical appeal with recent upgrades and offers great rental income potential. It’s a smart choice for anyone looking to invest in a growing area!
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Commercial,Multi-Family
Direction North on Linwood, West on Oakman
Rooms
Basement Unfinished, Common Storage Locker, Common
Interior
Heating Radiant, Wall/Floor Furnace
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Pool No
Waterfront no
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Historic
Level or Stories 3 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W12I004787S
Ownership Short Sale - No,Private Owned
Assessment Amount $100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
