$250,100
$275,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
7,336 SqFt
SOLD DATE : 04/05/2024
Key Details
Sold Price $250,100
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 7,336 sqft
Price per Sqft $34
Subdivision Quandt State-Fort St Sub
MLS Listing ID 20240016780
Sold Date 04/05/24
Originating Board Realcomp II Ltd
Year Built 1942
Annual Tax Amount $6,575
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60 x 129 x 60 x 129
Property Description
Excellent investment property in a prime location. This mixed use building contains 5 residential units on the 2nd floor, and all are currently leased generating $3,175/month. The 1st floor is aproximately 3700 sq/ft and currently vacant. It was last leased for $2,000/month. Total income would generate $5,000 + per month. The first floor does need some cosmetic TLC as the previous tenant removed the drop ceiling. Great property overall with lots of potential for growth. (Measurements approximated. All information provided is deemed reliable but not guaranteed and should be independently verified. Buyer's agent is to verify all information.)
Location
State MI
County Wayne
Area Lincoln Park
Zoning Commercial
Direction SOUTHFIELD TO FORT ST AND HEAD SOUTH, BUILDING ON WEST SIDE OF THE STREET
Exterior
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Lincoln Park
Others
Tax ID 45009080011000
Ownership Short Sale - No,Private Owned
Assessment Amount $8
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Full Service
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