$999,999 for Sale

5061 lakewood street, detroit, MI 48213

Property Description
!!!!!Projected net profit of 10-12% or $110,000-120,000 after all expenses!!! Beautifully renovated apartment complex has 20 units. Can be fully rented at closing at the discretion of the buyer. 12 very large 2 bedroom units and 8 comfortable 1 bedroom units. This complex is located in a stable and high demand rental area. Schedule an appointment today. BATVAI. Purchaser to pay a 495 transaction fee at closing.
General Information
Sale Price: $999,999
Price/SqFt: $58
Status: Active
MLS#: rcomi20240036378
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.42
Lot Dimensions: 140.00 x 130.00
Size: 17,140 sq.ft.
Acreage: 0.42 est.
Year Built: 1955
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes:  $17,720
Est. Winter Taxes:  $2,156


IDX provided courtesy of Realcomp II Ltd. via AAA McNamara Properties and Realcomp II Ltd., ©2025 Realcomp II Ltd. Shareholders Listing By: Kenneth F Evans of Reach Realty Group, Phone: (313) 766-4000
Call Alana Bories for more information about this property. (810) 691-0498

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Alana Bories
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(810) 691-0498

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(810) 733-2226