Sue Welling - Coldwell Banker Weir Manuel Hoppough
5970 Proctor Street
Detroit, MI 48210

Description

FORGET ABOUT THE AUCTION.. THIS IS AN INSTANT MONEY MAKER. TOTALLY REMODELED 5 UNIT BRICK APARTMENT BLDG. 100% OCCUPIED WITH SEC 8/MSHDA TENANTS WITH 2 YEAR LEASES. TENANTS PAY ALL UTILITIES. ALL UNITS RECENTLY RENTED IN APRIL/MAY 2018. TAXES ONLY $75 PER MONTH AND GENERATING ALMOST 4K PER MONTH IN INCOME. THIS ONE WON'T LAST. TRUE NET RETURN OF 19+%.

Details

MLS#218082646
Sub-TypeResale
StatusActive
Year1923
Days On Site108

Features

SQ Feet2,472
Units5
Building(s)1

Loading Form

Loading Form

Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48210
AreaDet South Of Grand River
Listing VS Median (in 48210)
Price:
$199,000
low | high
Med:
$64,900
100% of Average
SqFt:
2,472
low | high
Med:
1,274
98.462783171521% of Average
$ / SqFt:
$81
low | high
Med:
$51
86.719389727286% of Average
On Site:
108
low | high
Med:
55
100% of Average
Listing Updated: 12/10/2018
MLS Number: 218082646
Listing Provided By:
Kristal L Covington  of  Virtual Real Estate Services LLC
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by realcomp II Ltd.® MLS.