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48227 Market info

$749,900

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  • 13 Units
  • 9,120 SqFt
  • MLS# 20230096331
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248-304-6700

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248-208-3883

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**RARE OPPORTUNITY** Investors, here is your chance to add a truly turn-key apartment building to your portfolio! The property features 13 units (9 one-bedroom and 4 studio units) with space to add a 14th unit in the basement! 10 of the units are currently occupied and generating $6,275/month in rental income, and would generate $8,500/month when fully occupied. Rents are being raised to $700/month for 1 bedrooms & $550/month for studios on 1/1/2024 and tenants have been notified. The property has been completely rehabbed and features vinyl windows, updated kitchens and bathrooms in the units, PEX plumbing, separately metered electric heating, and much more! The property also has its RENTAL CERTIFICATION, which is valid through 10/21/2025! The fenced parking lot out back is included in the sale. Located in NW Detroit, just outside the Grandmont-Rosedale neighborhood and north of the Grand River corridor. Most of the tenants are long-term, low-maintenance, and want to stay!

Property Information

Status
Active 
Address
15000 Greenfield Road 
City
Detroit 
Zip
48227 
Year Built
1962 
Style
Colonial 
Possession
Subject To Tena 
Architecture
2 Story 
Listing Date
11/13/2023 
Subdivision
Avon Park Sub (plats) 
County
Wayne 
Lower Finished Sq Ft
1,200 
Above Grade SqFt
7,920 
Total No of Units
13 

School Information

School District
Detroit 

Taxes

Summer Taxes
$11,648 
Winter Taxes
$1,766 

Rooms and Land

Lot Dimensions
74.00 x 110.00 
Total Acres
0.19 

Features

Style
Colonial 
Basement
Partially Finished 
Heating
Electric, Separate Meters 

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years
annual
annual

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
20230096345 Active Nov 13 2023 6:36PM $749,900 168
20230096331 Active Nov 13 2023 6:11PM $749,900 168
219046212 Sold Pending Nov 5 2019 3:06PM $80,000 162
219046212 Pending Active Oct 27 2019 10:36AM 162
219046212 Jul 22 2019 1:23PM $98,000 $129,000 162
219046212 Jul 17 2019 1:38PM $129,000 $150,000 162
219046212 Active May 17 2019 3:48PM $150,000 162
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by voice, and email, from us and others about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to our Privacy Policy regarding the information relating to you. Msg/data rates may apply.

Listing Broker

MIRC Logo

Listing Courtesy of Re/Max Leading Edge
(734) 404-8800
Office Address 7500 N Canton Center

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Listings last updated: . Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available.

Our Michigan real estate agents can answer all of your questions about 15000 Greenfield Road, Detroit MI 48227. Real Estate One, Max Broock Realtors, and J&J Realtors are part of the Real Estate One Family of Companies and dominate the Detroit, Michigan real estate market. To sell or buy a home in Detroit, Michigan, contact our real estate agents as we know the Detroit, Michigan real estate market better than anyone with over 100 years of experience in Detroit, Michigan real estate for sale.

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15000 Greenfield Road Detroit
Contact us
$749,900
For Sale • No. of Units: 13