16085 E 7 Mile Road
Detroit, MI 48205

Description

EXCELLENT 10 UNIT INCOME PRODUCING TURN-KEY PROPERTY 100% SECTION 8 OCCUPIED. START MAKING MONEY THE MINUTE YOU CLOSE. MOST TENANTS HAVE BEEN IN THE UNITS ON AVERAGE OF 3-5 YEARS. NEWER WINDOWS, GUTTERS, HEATING, PLUMBING AND ELECTRICAL. TAXES HAVE BEEN APPEALED AND ARE LESS THAN $4,500 ANNUALLY. NOWHERE ELSE CAN YOU PAY LESS THAN $45,000 PER DOOR AND PRODUCE $750 IN RENTAL INCOME PER MONTH (MULTIPLIED BY 10 DOORS OR UNITS). THIS BUILDING IS A NO-BRAINER FOR ANY INVESTOR LOOKING TO COLLECT THAT STEADY CASH FLOW MONTH OVER MONTH. CALL AGENT FOR A LIST OF 3 OTHER GREAT PROPERTIES ALSO FOR SALE BY THE SAME SELLER.

Details

MLS#219033028
Sub-TypeResale
StatusActive
Year1947
Days On Site74

Features

SQ Feet8,694
Building(s)1

Market Activity 48205

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48205
AreaDet 8 To Gratiot/Houston To 7
Listing VS Median (in 48205)
Price:
$449,400
low | high
Med:
$35,000
100% of Average
SqFt:
8,694
low | high
Med:
773
100% of Average
$ / SqFt:
$52
low | high
Med:
$45
62.405846864384% of Average
On Site:
74
low | high
Med:
349
21.203438395415% of Average
Listing Updated: 06/25/2019
MLS Number: 219033028
Listing Provided By:
Alex H Saad  of  Century 21 Curran Oberski
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