LARGE FIVE UNIT MULTI-FAMILY INVESTMENT PROPERTY! LOCATED IN DESIRABLE EAST ENGLISH VILLAGE, SOUTH OF E. WARREN AND WEST OF CADIUEX. UPDATES INCLUDE A NEW BOILER IN 2023, AND SELLER HAS DONE SOME RENOVATIONS THROUGH OUT THE BUILDING. THIS PROPERTY FEATURES FIVE 1 BEDROOM UNITS. EACH UNIT HAS ONE BEDROOM, BATHROOM,… Read More HARDWOOD FLOORS, FRIDGE AND STOVES INCLUDED. COIN OPERATED WASHER AND DRYER IN THE LAUNDRY FACILITY IN THE BASEMENT. ALL FIVE UNITS ARE CURRENTLY TENANTED. RENTS FOR EACH UNIT ARE AS FOLLOWS- APT 1S- 700- TENANT IS MONTH TO MONTH, APT 1N- 700- TENANT IS MONTH TO MONTH, APT 2N-725- IN A LEASE UTNIL 5/29/26 , APT 2S- 925 SECTION 8 MONTH TO MONTH TENANT, AND APT B AT 600 - TENANT IS IN A LEASE UNTIL 12/31/26. TENANTS PAY ELECTRIC AND COOKING GAS FOR EACH UNIT. OWNER IS RESPONSIBLE FOR GAS FOR HEAT, WATER, SEWER, SNOW REMOVAL AND LAWN MAINTENANCE. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. BUYER TO PAY A 295 PROCESSING FEE AT CLOSING. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Detroit Investment Company, [email protected], (734) 838-9197.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multifamily
Square Ft.
2,922
Lot Size
0.16 Acres
Year Built
1931
MLS Number
20261016824
30 Days Snapshot Of 48224
$69k
-3%
(avg) sold price
43
-8%
homes sold
64
-23%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
5 total units, 5 leased units, 5 one-bedroom units, Built in 1931, Architectural style: Colonial, Brick, 2,922 total square feet, 2,922 combined square feet, 1,491 total basement square feet, Unit count: 5
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Hot Water, Radiant, Natural Gas
Lot
Lot size area: 0.16, Lot size dimensions: 41 X 168
Miscellaneous
Gross scheduled income: $37,200, Income projection: Actual, Monthly rental income: $3,100, Net operating income: $0, Operating expense: $0
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