MLS Public Remarks  AMAZING REDEVELOPMENT OPPORTUNITY ON THIS 27 UNIT BUILDING IN THE GRAND BLVD/ MCGRAW CORRIDOR. WEST OF WAYNE STATE, WOODBRIDGE, NW GOLDBERG AND SOUTH OF CORKTOWN. MANY DEVELOPMENTS PLANNED IN THE AREA. THE BUILDING NEEDS A FULL REHAB. GREAT UNIT MIX AND GENEROUS APARTMENTS SIZES. ADDITIONAL SPACE IN THE LOWER LEVEL TO ADD UNITS. SELLER HAS PLANS FOR AN ADDITIONAL NEW 38 UNIT BUILDING AND SEVERAL TRI PLEXES NEXT DOOR. Expenses estimated at 6% mgmt fee = $15,984. Taxes $20,000. Insurance $15,000. Rehab estimated at $1 Million. Total $1,675 Million (12.8 Cap)

http://www.www.realestateone.com.com/2210071033

AGENT/COMPANY DETAILS  

LOCATION  

Mailing City  Detroit

Township  Detroit

Directions  EAST OFF GRAND BLVD

HOUSE DESCRIPTION  

Fin Below Grd SqFt  0

Total Fin SqFt  24,255

Price/SqFt  $28

Unfinished SqFt  0

Above Grade Finished SqFt  24,255

CDOM  636

Sub Property Type  Multifamily

Year Built  1920

Days on Market  636

ASSESSMENT/SCHOOLS   

Land Assessment  -

Improvements  $695000

Net Taxes  $8401

Acreage  0.38

Taxes  -

Tax Year  -

Summer Taxes  $6062

School District  Detroit

Winter Taxes  $2339

LOT DESCRIPTION  

Subdivision  Bela Hubbards Sub L5 P46 Plats

Lower Level Square Footage  0

Waterview  N

Number of Units  27

Waterfront  N

For Lease/Rent  N

Est. Total Acres  0.38

Lot Dimensions  160.00X103.00

WaterFrontage   0

INTERIOR FEATURES  

Heating  Baseboard, Natural Gas

Water  Public (Municipal)

Basement  Y

Heating  Baseboard, Natural Gas

EXTERIOR FEATURES  

Garage  0.0

Architecture  3 Story

Basement details  Common

Sewer  Sewer at Street

Home Style  Common Entry Building

Possession  At Close

Exterior Materials  Brick

DETAILS  

Subagent Commission  Price Decrease

Status Change Date  08/25/2021

Listing Date  08/25/2021

Internet/IDX  Y

Named Exceptions  Y

LISTING OFFICE DETAILS  

Listing Office   Re/Max Connection

Office Address   6001 Cass Avenue

Listing Number   2210071033

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