$350,000
$349,900
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8 Beds
8 Baths
7,040 SqFt
SOLD DATE : 03/25/2019
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 7,040 sqft
Price per Sqft $49
Subdivision Grayton Park Manor (Plats )
MLS Listing ID 219018465
Sold Date 03/25/19
Style Townhouse
Bedrooms 8
Full Baths 8
Originating Board Realcomp II Ltd
Year Built 1955
Annual Tax Amount $2,848
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 100x119x111x120
Property Description
EXCELLENT 8 UNIT INCOME PRODUCING TURN-KEY PROPERTY 100% SECTION 8 OCCUPIED. START MAKING MONEY THE MINUTE YOU CLOSE. MOST TENANTS HAVE BEEN IN THE UNITS ON AVERAGE OF 3-5 YEARS. NEWER WINDOWS, GUTTERS, HEATING, PLUMBING AND ELECTRICAL. TAXES HAVE BEEN APPEALED AND ARE LESS THAN $3,000 ANNUALLY. NOWHERE ELSE CAN YOU PAY LESS THAN $45,000 PER DOOR AND PRODUCE $725 IN RENTAL INCOME PER MONTH (MULTIPLIED BY 8 DOORS OR UNITS). THIS BUILDING IS A NO-BRAINER FOR ANY INVESTOR LOOKING TO COLLECT THAT STEADY CASH FLOW MONTH OVER MONTH. CALL AGENT FOR A LIST OF 4 OTHER GREAT PROPERTIES ALSO FOR SALE BY THE SAME SELLER.
Location
State MI
County Wayne
Area Det: Joy-Schoolcraft Grnfld-Limi
Zoning Commercial
Direction Head North on Outer Dr until it curves into Dolphin just under Jeffries Freeway I-96
Rooms
Basement Interior Access Only
Interior
Interior Features Cable Available, Laundry Facility
Hot Water Natural Gas
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Roof Type Asphalt,Rubber
Road Frontage Paved
Building
Foundation Basement
Sewer Sewer at Street
Water Water at Street
Architectural Style Townhouse
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed Yes
Tax ID W22I124729S
Ownership Private Owned,Short Sale - No
SqFt Source PRD
Assessment Amount $100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Century 21 Curran & Oberski