$740,000
$750,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
15 Beds
340,000 SqFt
SOLD DATE : 02/04/2022
Key Details
Sold Price $740,000
Property Type Commercial
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 340,000 sqft
Price per Sqft $2
Subdivision Merrill Palmer (Also Pg 55 )
MLS Listing ID 2210095921
Sold Date 02/04/22
Bedrooms 15
Originating Board Realcomp II Ltd
Year Built 1967
Annual Tax Amount $9,444
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 92.00X120.00
Property Description
Great opportunity to own this mid century 15-unit apartment in the heart of Palmer Park on Detroit’s Northwest side. The apartment features nine one bedroom one bath apartment units and six two-bedroom two bath units. This is a great location directly across the street from new state of the art tennis courts, newly installed splash park, also adjacent to the Detroit Golf Club which is Home to the (Rocket Mortgage Classic). The property is 60 percent occupied while the other units are gutted and ready for rehab.
Location
State MI
County Wayne
Area Det 6-8 Grfld-Dequindre
Zoning Commercial,Multi-Family
Direction Take Woodward To subject property
Interior
Heating Radiant
Heat Source Natural Gas
Exterior
Pool No
Road Frontage Class B
Building
Foundation Basement
Sewer Sewer at Street
Water Public (Municipal)
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W02I002606S002L
Ownership Short Sale - No,Private Owned
Assessment Amount $750
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Keller Williams Realty-Great Lakes