$235,000
$239,900
2.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2,610 SqFt
SOLD DATE : 03/12/2024
Key Details
Sold Price $235,000
Property Type Commercial
Sub Type Apartments,Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 2,610 sqft
Price per Sqft $90
Subdivision Robert Oakmans Ford Hwy & Glendale (Plats)
MLS Listing ID 20240002551
Sold Date 03/12/24
Bedrooms 3
Originating Board Realcomp II Ltd
Year Built 1927
Annual Tax Amount $2,002
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 36.00 x 108.00
Property Description
LOCATED INSIDE THE FAMOUS OAKMAN BLVD HISTORIC DISTRICT, YOU WILL FIND 12374 STOEPEL NESTLED ON A 3,990 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL TRIPLEX CONSISTS OF 3 RECENTLY REMODELED SECTION 8 UNITS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS NEWER PLUMBING AND ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 3 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $3,737 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $75 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Commercial
Direction stoepel & fullerton
Interior
Heating Hot Water
Heat Source Natural Gas
Exterior
Pool No
Waterfront no
Road Frontage Paved
Building
Foundation Basement
Sewer Sewer at Street
Water Water at Street
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W16I018797S
Ownership Short Sale - No,Private Owned
Assessment Amount $240
Acceptable Financing Cash, Conventional
Rebuilt Year 2023
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with 1st Michigan Real Estate