* * * One of a kind opportunity to get your hands on a fantastic investment with a 12% cap rate!! 100% Occupied with long term tenants! This multi-family is completely up to date with CofO!. Beautiful hardwood flooring, Newer kitchens, updated bathrooms. 40 units total. Bringing in great revenue. Located in a very desirable area. This is a must see!
Multi-familyProperty Type
1963Year Built
0.68 acresLot Size
$52Price/Sq.Ft.
Listed by Justin Zehel• Keller Williams Realty Central
* * * One of a kind opportunity to get your hands on a fantastic investment with a 12% cap rate!! 100% Occupied with long term tenants! This multi-family is completely up to date with CofO!. Beautiful hardwood flooring, Newer kitchens, updated bathrooms. 40 units total. Bringing in great revenue. Located in a very desirable area. This is a must see!
REALCOMP #58031346563
Aug 29, 2018
Sold
$1,325,000
$52/sq ft
May 4, 2018
Listed
$1,400,000
$55/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
270 ft.
Lot depth
110 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Wayne County
APN
220499347
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 8, 2023.
B2
Local Business and Residential District
The B2 Local Business and Residential District provides for the day-to-day consumer goods and services required to serve a small residential area. High-traffic generating and traffic-oriented uses are restricted because of their obvious undesirable influence on adjacent residential areas.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Day care facility
General retail
Restaurant
Hospital / medical center
Housing-Senior
Housing-Student
Manufacturing
Office
Educational/school
Property details
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 40
Heating & Cooling
Cooling: None
Has Heating
Heating: Separate Meters
Room Information
Has Basement
Exterior
Building Information
Above Grade Finished Area: 25,600
Above Grade Finished Area Units: Square Feet
Levels: Two
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: MultiFamily
Lot Information
Lot Size Dimensions: 29621
Lot Size Acres: 0.68
Financial
Tax Information
Tax Annual Amount: $17,507
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
High School District: Detroit
Location Information
Subdivision Name: AVON PARK ANNEX SUB
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Wayne County
APN: 220499347
Home facts updated by county records on Apr 8, 2023
Around this home
Schools
Burns Elementary-Middle School
Public PreK-8 • Assigned • 0.4mi
2/10
Cody High School
Public 9-12 • Assigned • 2.7mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 98° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Detroit, MI • 48227
Average low and high temperatures (°F)
29
17
34
21
53
33
62
42
69
50
82
62
86
68
81
63
78
57
67
47
50
38
37
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 2.6 hours in December, placing it below the
U.S. average for solar exposure.