* Excellent Investment in Detroit with over 10% Cap Rate * This is a 100% fully occupied 6 apartment building with a lot of long term tenants. Electricity is paid by tenants. Rent rolls will be provided upon request. Please do not disturb tenants. No showings until we have an accepted offer. This could be sold as a package with MLS Listing 2210046820 (16225 GREENFIELD Road, 26 Units)
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
50 ft.
Lot depth
142 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Wayne County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 23, 2017.
R4
Thoroughfare Residential District
This R4 Thoroughfare Residential District is designed to be used primarily on major or secondary thoroughfares where the major use of the property is for low-medium density residential dwellings characterized, primarily, by rental apartment dwellings. Among others, uses permitted by right include multiple-family dwellings, single- and two-family dwellings, and certain other residentially related uses which can function most advantageously where located on these thoroughfares. Medical and dental clinics, motels or hotels, and certain types of non-profit uses may be conditional basis subject to appropriate findings and compliance with required standards.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Educational/school
Library
Museum / gallery
Recreation
Property details
Interior
Bathroom Information
# of Bathrooms (Full): 6
# of Baths/Lavatories (Total): 6
Laundry/Basement Information
Basement Type: Block
Mult-Unit Information
# of Units (Total): 6
Net Operating Income: $40,800
Net Operating Income: 40800
Exterior
Exterior Features
Exterior Construction: Brick
Foundation Type: Basement
Property Information
Property Type: Multi-Family
Structure Style: 2 Story
Styles: Colonial
Year Built: 1962
Lot Information
Lot Size: 12,955
Zoning: Multi-Family
Land Information
Roads: Paved Street
Frontage: 55
Financial
Tax/Assessments Information
Taxable Value: $35,800
Total Tax Amount: $2,770
Summer Tax Amount: $2,350
Winter Tax Amount: $420
Lease/Rent Information
Has Lease
Utilities
Utility Information
Water: Public Water
Cooling System: Wall/Window A/C
Fuel Type: Natural Gas
Heating System: Forced Air, Hot Water
Sewer Septic: Public Sanitary
Location
School Information
School District: Detroit City School District
School District: Detroit City School District
Location Details
Directions: West side of Greenfield Road
Municipality Type: City
Municipality: Detroit
Mail City: Detroit
Municipality: Detroit
Area (Municipality): Detroit (82001)
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Wayne County
APN: —
Home facts updated by county records on Feb 23, 2017
Other
Listing Information
Originating MLS: RealComp
Around this home
Schools
King John R. Academic And Performing Arts Academy
Public PreK-8 • Assigned • 0.6mi
4/10
Ford High School
Public 9-12 • Assigned • 2.8mi
2/10
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 • 48235
Average low and high temperatures (°F)
29
17
34
20
53
33
62
42
69
49
82
62
86
67
81
62
78
57
67
47
50
38
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Detroit. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Work with an experienced agent and save on fees. 3 minutes to get started.
Get a free, detailed breakdown of how we calculated your estimate.