For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Upper/Lower Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 10,540 sqft
Price per Sqft $85
Subdivision Frischkorns Park View (Plats)
MLS Listing ID 20240085714
Sold Date 03/14/25
Style Upper/Lower Apartment
Bedrooms 14
Full Baths 14
Originating Board Realcomp II Ltd
Year Built 1967
Annual Tax Amount $23,533
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 140.00 x 100.00
Property Sub-Type Upper/Lower Apartment
Property Description
Excellent opportunity to own and operate a 14 unit apartment building on the far west side of Detroit. An already well managed asset, this building falls on the immediate border of Redford and Dearborn Heights, and surrounding home values and rents contribute to a potentially bright future of appreciation. This property both cash flows now and has meat on the bones for rent increases that will lead to a higher NOI and ultimately a higher valuation as a result. Offering memorandum and rent roll available upon request.
Location
State MI
County Wayne
Area Det - Joy-Dbn Ht Grnfld-Limits
Zoning Multi-Family
Direction On Warren Ave Between Ann Arbor Trail And Outer Drive
Rooms
Basement Unfinished, Common
Interior
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Road Frontage Paved
Garage no
Building
Foundation Slab, Basement
Sewer Sewer at Street
Water Public (Municipal)
Architectural Style Upper/Lower Apartment
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed No
Tax ID W22I000450C6
Ownership Short Sale - No,Private Owned
Assessment Amount $100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2025 Realcomp II Ltd. Shareholders
Bought with Keller Williams Legacy