MLS Public Remarks A turnkey investment opportunity in Detroit awaits you! *This tenant-occupied 7-property 12-unit portfolio offers a 14.30% cap rate on current rents, with upside from rent increases due on many units. Properties included: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini. *** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.
http://www.www.realestateone.com.com/20230081073
Township Detroit
Directions N of 7 Mile/E of Gratiot
Fin Below Grd SqFt 0
Total Fin SqFt 1,350
Price/SqFt $390
Unfinished SqFt 0
Above Grade Finished SqFt 1,350
CDOM 230
Sub Property Type Multifamily
Year Built 1926
Days on Market 230
Land Assessment -
Improvements $526000
Net Taxes $1197
Acreage 0.1
Taxes -
Tax Year -
Summer Taxes $1094
School District Detroit
Winter Taxes $103
Subdivision Gratiot American Park
Lower Level Square Footage 0
Waterview N
Number of Units 2
Waterfront N
For Lease/Rent N
Est. Total Acres 0.1
Lot Dimensions 35.00 x 127.00
WaterFrontage
0
Heating Forced Air, Natural Gas
Water Public (Municipal)
Basement Y
Heating Forced Air, Natural Gas
Garage 0.0
Architecture 2 Story
Basement details Unfinished
Sewer Public Sewer (Sewer-Sanitary)
Home Style Bungalow
Possession Rental Agreemen
Exterior Materials Other
Status Change Date 09/25/2023
Listing Date 09/25/2023
Internet/IDX Y
Named Exceptions Y
Listing Office
Realteam Real Estate
Office Address
8250 9 Mile Road
Listing Number
20230081073
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Wednesday, May 15, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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.