Calling all investors! 12 unit apartment complex for sale. Fully occupied. All 1 bedroom 1 bath units. Rents avg $650 per mo. All units are private entrances.
Multi-familyProperty Type
1955Year Built
0.31 acresLot Size
$48Price/Sq.Ft.
Listed by Justin Zehel• Keller Williams Realty Central
Bought with Justin Zehel• Keller Williams Realty Central
Calling all investors! 12 unit apartment complex for sale. Fully occupied. All 1 bedroom 1 bath units. Rents avg $650 per mo. All units are private entrances.
REALCOMP #58050053542
Feb 9, 2022
Sold
$435,000
$48/sq ft
Aug 30, 2021
Listed
$575,000
$64/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
122 ft.
Lot depth
110 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Wayne County
APN
22050763-8
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 30, 2021.
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 Full Bathrooms: 12
Heating & Cooling
Cooling: None
Has Heating
Heating: Separate Meters
Room Information
Has Basement
Exterior
Building Information
Above Grade Finished Area: 8,984
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: 122 x 110 x 122 x 110
Lot Size Acres: 0.31
Financial
Tax Information
Tax Annual Amount: $9,983
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
High School District: Detroit
Location Information
Subdivision Name: INGLEWOOD PARK 3
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Wayne County
APN: 22050763-8
Home facts updated by county records on Aug 30, 2021
Around this home
Schools
King John R. Academic And Performing Arts Academy
Public PreK-8 • Assigned • 0.8mi
4/10
Ford High School
Public 9-12 • Assigned • 2.6mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
6/10 Flood Factor
Estimated 67-74% chance 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
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.