$775,000 Price Analysis    ♡   Detroit, MI 48227 14 bed 14 bath 9,230 SqFt ($83/SqFt) 0.24 acre lot. Built 1961 Listed 2024-05-23 | Ⓧ USDA Ineligible due to price & location near Detroit |
Fully occupied 1 bed 1 bath 14 unit.
Tenants consist of va, sec 8 and cash tenants. 12% ROI after expenses.
R ent roll available. No land contracts. Contemporary windows, roof and exterior electricl
Presented by Daryl B. Harris at
Black Diamond Realty.
Property MLS #20240035590 from Realcomp
Bedrooms: 14
Total Bathrooms: 14.00
Full Bathrooms: 14
Full Bathrooms: 14
Heating Features: Forced Air
Heating Fuel: Natural Gas
Heating Fuel: Natural Gas
Basement Description: Unfinished
Lot Size Acres: 0.24
Lot Size Dimensions: 74.00 x 142.00
Lot Size Square Feet: 10454
Lot Size Dimensions: 74.00 x 142.00
Lot Size Square Feet: 10454
Road Frontage Type: Paved
Parking Features: 14
Gross Scheduled Income: 120388.00
Rent Includes: Water
Rent Includes: Water
Number of Units: 14
Number of 1 Bedroom Units: 14
Number of 1 Bedroom Units: 14
School District: Detroit
Burns Elementary-Middle School is a public elementary and middle school located approximately 0.6 miles away.
Map directions
Map directionsCody High School is a public high school located approximately 3 miles away.
Map directions
Map directionsSt. Mary of Redford Elementary School is a private elementary and middle school located approximately 0.4 miles away.
Map directions
Map directionsPets Allowed: Cats OK, Dogs OK
ActivationDate : 2024-05-23
Annual Tax Amount: 10809
Source Listing Status: Active
County: Wayne
Directions: On Greenfield next door to fire station
Source Property Type: Multifamily
Area: Det - Schcraft-6 Grnfld-Limits
Source Neighborhood: RUGBY (PLATS)
Ownership Type: Short Sale - No, Private Owned
Parcel Number: W22I050856S
Postal Code Plus 4: 4219
Subdivision: RUGBY (PLATS)
Zoning: Multi-Family
Source System Name: C2C
Annual Tax Amount: 10809
Source Listing Status: Active
County: Wayne
Directions: On Greenfield next door to fire station
Source Property Type: Multifamily
Area: Det - Schcraft-6 Grnfld-Limits
Source Neighborhood: RUGBY (PLATS)
Ownership Type: Short Sale - No, Private Owned
Parcel Number: W22I050856S
Postal Code Plus 4: 4219
Subdivision: RUGBY (PLATS)
Zoning: Multi-Family
Source System Name: C2C
Price Changed 2024-07-03
$775,000
Realcomp
Price Changed 2024-06-17
$800,000
Realcomp
Listed 2024-05-23
$825,000
Realcomp
$775,000
Realcomp
Price Changed 2024-06-17
$800,000
Realcomp
Listed 2024-05-23
$825,000
Realcomp
Net Operating Income: 99136.00
Operating Expense: 21252.00
Operating Expense: 21252.00
Total Square Feet Living: 9230
Year Built: 1961
Construction Materials: Brick
Foundation Details: Basement
Property Age: 63
Levels or Stories: 2 Story
House Style: 2 Story
Total Area Sqft: 9230
Total Below Grade Area: 4000
Year Remodeled: 2023
Architectural Style: Common Entry Building, Upper/Lower Apartment
Year Built: 1961
Construction Materials: Brick
Foundation Details: Basement
Property Age: 63
Levels or Stories: 2 Story
House Style: 2 Story
Total Area Sqft: 9230
Total Below Grade Area: 4000
Year Remodeled: 2023
Architectural Style: Common Entry Building, Upper/Lower Apartment
Sewer: Public Sewer (Sewer-Sanitary)
Water Source: Public (Municipal)
Water Source: Public (Municipal)
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.