$280,000
$324,900
13.8%For more information regarding the value of a property, please contact us for a free consultation.
14 Beds
4,600 SqFt
SOLD DATE : 11/09/2018
Key Details
Sold Price $280,000
Property Type Commercial
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $60
Subdivision Whitney Block 3
MLS Listing ID 218070406
Sold Date 11/09/18
Bedrooms 14
Originating Board Realcomp II Ltd
Year Built 1915
Annual Tax Amount $1,504
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30.00X100.00
Property Description
THIS PROPERTY IS ONE OF A KIND IN HAMTRAMCK! This 15 unit rental apartment has endless opportunity and is a CASH COW! Currently 13/15 units are occupied bringing in $4550 a month this very moment. Current cap rate is at 14.5% with potential to increase after units are more stabilized. BUY AND SIT BACK! Conveniently located on a main road just to the left of a public library and across from the fire department. DON'T MISS OUT. INVESTORS SPECIAL!! Current owner has been managing and maintaining himself for 18 YEARS! NOW ITS YOUR TURN! CALL AND SCHEDULE YOUR SHOWING TODAY!
(12 single bedroom units are dorm-style one bedrooms with a shared bathroom and shower. EACH BEDROOM DOES NOT HAVE OWN BATHROOM)
VIRTUAL TOUR AVAILABLE UPON REQUEST.
Location
State MI
County Wayne
Area Hamtramck
Zoning Commercial,Residential
Direction on caniff
Interior
Heating Baseboard, Forced Air
Heat Source Electric, Natural Gas
Exterior
Pool No
Road Frontage Pub. Sidewalk
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Water at Street
Level or Stories 3 Story
Structure Type Brick
Schools
School District Hamtramck
Others
Tax ID 41003030012000
Ownership Private Owned,Short Sale - No
SqFt Source owner
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
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Bought with Community Choice Realty Associates
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