13521 E Mcnichols Road

Detroit, Michigan 48205

  • 5 Bed(s)
  • 7 Bath(s)
  • 3,140 Sqft
  • 0.14
    Acre(Lot)
$385,000

Description

Great investment opportunity!!! well maintained, stabilized and producing 7 unit apartment building. offered at 11% cap rate.
next door - 13535 (23 units) mcnichols is also available for sale. properties are next to each other and might be sold together. currently producing at a $63k a year gross . current net income is $43,811. projected gross income once fully leased $68,200. landlord pays water, gas, electric. needs advance notice to show. do not disturb tenants.

  • Property Type

    Multifamily

  • County

    Wayne

  • Style

    Ranch

  • AD ID

    44751295

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Property Details

  • Bathroom Information

    • Total Baths: 7
    • Full Baths: 7

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Heat Pump
    • Heating Fuel: Heat Pump,Electric

  • Building Information

    • Year Built: 1953
    • Building Stories: 1 Story
    • Total Units: 7
    • Foundation/Basement: Slab
    • Architecture: Ranch

    Exterior Features

    • Construction: Brick

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.14
    • Dimensions: 60.00 x 100.00

    Property Information

    • SQ ft: 3140
    • Subdivision: MICHAEL GREINER ESTATE (PLATS)
    • Financing: Cash,Conventional

  • Listing Price Information

    • Original List Price: $385,000

    Listing Information

    • Possession: At Close
    • Legal Description: N--E MC NICHOLS RD E 20 FT 242 243 MICHAEL GREINER ESTATE SUB L41 P67 PLATS, W C R 21/611 60 X 100

  • Tax Information

    • Annual Tax: $5,892
    • Parcel Number: W21I020311S

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: N--E MC NICHOLS RD E 20 FT 242 243 MICHAEL GREINER ESTATE SUB L41 P67 PLATS, W C R 21/611 60 X 100

  • Multi-Unit Information

    • Presently Zoned: 1
    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 5

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 04/28/2024 @ 13:51

  • MLS: 585954492
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

Buyer Agency Compensation: 3%
Offer of compensation is made only to participants of the MLS where the listing is filed.

is a Multifamily, with 5 bedrooms which is recently sold, it has 3,140 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Detroit , in zip code 48205, this Wayne County Multifamily , it is in the MICHAEL GREINER ESTATE (PLATS) Subdivision, and are nearby neighborhoods.