This all-brick, fully occupied 6-unit apartment building is a great cash-flowing investment opportunity! Each unit features 2 bedrooms and 1 bathroom, with recent updates throughout. The property boasts new furnaces, hot water tanks, and plumbing, ensuring minimal maintenance costs. Each unit is separately metered, maximizing tenant responsibility for utilities. Three units are leased through Section 8, providing reliable rental income, while the remaining three are standard market-rate tenants. Short-term seller financing available, making this an excellent opportunity for investors looking to expand their portfolio with flexible terms.
General Information
Sale Price: $449,900
Price/SqFt: $64
Status: Active
MLS#: rcomi20250014438
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.12
Lot Dimensions: 47.00 x 110.00
Size: 6,996 sq.ft.
Acreage: 0.12 est.
Year Built: 1925
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $14,567 Est. Winter Taxes: $1,723
