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Property Attributes
- MLS#24005929
- TypePending
- CountyWAYNE
- CityDetroit
- AreaDetroit City
- NeighborhoodDetroit City
- Zip48205
- Style5+ Units
- Year Built1929
- Taxes$ 286
- Price$ 199,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.12 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Transformative 17-Unit Apartment Building, a property with profound potential, located in the heart of Detroit. This 17-unit, historic building represents an unmatched opportunity for the right investor. The renovation on this building has already begun! In the past two years over $200,000 have been spent on a Major Structural Overhaul, Additional Framing on exterior walls, Brand New Roof, A Complete Clean Out on all floors (over $100k in clean out costs), as well as the addition, and clearing, of the adjacent lot. This blank slate is ready to be transformed. This is a chance not just to renovate a building, but to breathe new life into an entire community. Please Review Marketing Flyer for full Pro Forma
Price History | |
---|---|
2/4/2024 | Listed $199,900 |
General Features
Sewer | Public Sewer |
---|---|
Heating | None |
Cooling | None |
Utilities | Public Water Available,Public Sewer Available,Electric Available,Cable Available,Natural Gas Connected |
Roof | Composition,Rubber |
Construction Materials | Brick |
Year Built | 1929 |
Tenant Pays | None |
Township | Detroit City |
Property SubType | 5+ Units |
Tax Year | 2023 |
Gross Income | 195000.0 |
OwnerPays | None |
County | Wayne |
Net Operating Income | 120000.0 |
New Construction | No |
Property Type | Multi-Family |
Status | Pending |
Directions | Take Chalmers south from 7 mile and 14405 ?Eastwood can be seen on your left |
ModificationTimestamp | 2024-03-29T13:06:04Z |
City | Detroit |
Buyer Agent Compensation | 3.00 |
High School District | Detroit |
NumberOfUnitsTotal | 17 |
MLS Area | Wayne County - 100 |
Lot Size Units | Acres |
Lot Size Square Feet | 5227.0 |
Waterfront Y/N | No |
Listing Terms | Cash |
Land Lease Y/N | No |
Tax Annual Amount | 286.0 |
Lease Renewal Y/N | No |
MLS Area Minor | Wayne County - 100 |
Additional Parcels Y/N | No |
Rent Control Y/N | No |
Days on Market | 53 |
Standard Status | Pending |
Tax Assessed Value | 2415 |
MobileHomeRemainsYN | No |
Buyer Agent Compensation Type | % |
Legal Description | N EASTWOOD 19 SEYMOUR & TROESTERS CHALMERS AVE SUB L46 P50 PLATS,W C R 21/269 50 X 103.04 |
Senior Community | None |
Interior Features
Basement | Daylight,Walk Out,Full |
---|---|
Total Fireplaces | 1 |
Basement (Y/N) | Yes |
Air Conditioning Y/N | No |
Heating Y/N | No |
Laundry Features | In Unit |
Electric On Property Y/N | No |
Exterior Features
Lot Features | Sidewalk,Corner Lot |
---|---|
Total Parking | 0.0 |
Lot Size Area | 0.12 |
Number of Buildings | 1 |
Spa | No |
Lot Dimensions | 50X103 |
BuyerOfficeFax | 202-537-0020 |
Lot Size Acres | 0.12 |
Road Surface Type | Paved |
Crops Included Y/N | No |
Open Parking Y/N | No |
Horse Y/N | No |
Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool