$1,600,000
$2,200,000
27.3%For more information regarding the value of a property, please contact us for a free consultation.
22,796 SqFt
SOLD DATE : 10/04/2024
Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 22,796 sqft
Price per Sqft $70
Subdivision Cass Farm (Also P176-7 Plats)
MLS Listing ID 20240054903
Sold Date 10/04/24
Originating Board Realcomp II Ltd
Year Built 1922
Annual Tax Amount $52,495
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 35.00 x 207.00
Property Description
The Finn Midtown is a 30-unit apartment building comprised of 22 studio units and eight one-bedroom units. Located in the heart of Midtown Detroit, one of the most walkable neighborhoods in the city with some of the strongest rent fundamentals that have seen significant increases in recent years. The Finn was originally constructed in 1927 and underwent a full renovation in 2018. Renovations included commercial-grade windows, a new roof, updated electrical systems, a modern elevator, a video door-phone entry security system, monitored fire alarms, individual HVAC units with tenant-paid electric, refinished interiors, and new cabinetry and bathrooms. These recent updates will minimize maintenance for a future owner. Property tours will be Tuesday, August 7th from Noon - 1:30 PM and Tuesday, August 13th from Noon - 1:30 PM. Best & Final offers due by Tuesday, August 20th
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Direction On Selden Between 2nd and 3rd Ave in Midtown
Interior
Hot Water Electric
Heating Baseboard, Forced Air
Exterior
Pool No
Utilities Available Elevator, Carbon Monoxide Alarm(s), Security Alarm, Smoke Alarm
Waterfront no
Roof Type Rubber
Accessibility Common Area
Road Frontage Class B, Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick,Stone
Schools
School District Detroit
Others
Tax ID W04I000773S
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 2018
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with O'Connor Realty Detroit, LLC