NOT LISTED FOR SALE

13535 E McNichols Rd Detroit, MI 48205

Franklin Neighborhood
23 Beds
23 Baths
19,000 Sq Ft
0.41 Acres

Last Sold June 20, 2024

Last sale price $935,000 $49 Per Sq Ft

466 Days on Market

Highlights

  • 0.41 Acre Lot
  • High-Rise Condominium
  • 3-minute walk to Horne Square Park
  • Cass Technical High School Rated 10

About This Home

As of June 2024

Great Investment Opportunity!!! Well Maintained, Stabilized and Producing 23 unit Apartment Building. Next door - 13521 (7 units) McNichols is also available for sale. Properties are next to each other and might be sold together. Currently producing at a $182000k a year Gross . Current Net income is $134,000
Projected gross income once fully leased $202,000.00
23 - one bedrooms units
Landlord pays water, gas, electric. Needs advance notice to show. Do not disturb tenants.

Last Agent to Sell the Property

Dmitriy Selektor

EXP Realty Main License #6502341316 Listed on: 03/01/2023

EXP Realty Main

Last Buyer's Agent

Durrall Williams

Berkshire Hathaway HomeServices The Loft Warehouse License #6501409691

Berkshire Hathaway HomeServices The Loft Warehouse

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1958

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 98.00 x 180.00

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 23 Full Bathrooms
  • 19,000 Sq Ft Home
  • 3-Story Property
  • Carbon Monoxide Detectors
  • Finished Basement

Parking

  • 30 Parking Spaces
  • Unassigned Parking

Utilities

  • Back Up Electric Heat Pump System
  • Radiant Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W21I020312C3

Community Details

Overview

  • 23 Units
  • High-Rise Condominium
  • Michael Greiner Estate Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,421

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: High Rise
  • Architecture Level: 3 Story
  • Assessment: 100.00
  • Year Built: 1958
  • State Equalized Value: 278000.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Smoke Alarm, Cable Available, Carbon Monoxide Alarm(s)
  • Total Bathrooms: 23.00
  • Full Bathrooms: 23
  • Basement: Yes
  • Basement Type: Finished
  • Total Sq Ft: 19000

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Unassigned/General
  • Total Parking Spaces: 30

Utilities

  • Heating Fuel: Electric
  • Heating: Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Fee Information

  • Operating Expense: 47981.00

Lot Info

  • Lot Size Area: 0.41
  • Lot Dimensions: 98.00 x 180.00
  • Parcel Number: W21I020312C3
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Electric, Water/Sewer, Water, Yard Maintenance
  • Monthly Rental Income: 15159

Tax Info

  • Tax Amount Summer: 12021.0000
  • Tax Amount Winter: 1400.0000
  • Total Tax: 13421.0000
  • Taxable Value: 152844.0000

Multi Family

  • Gross Scheduled Income: 181910.00
  • Number Of Units Total: 23

MLS Schools

  • School District: Detroit

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2024 06/20/24 Sold $935,000 -11.0% $49 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
01/31/2024 01/31/24 Price Changed $1,050,000 -8.7% $55 / Sq Ft
09/18/2023 09/18/23 Price Changed $1,150,000 -9.1% $61 / Sq Ft
08/04/2023 08/04/23 Price Changed $1,265,000 -23.3% $67 / Sq Ft
07/06/2023 07/06/23 Price Changed $1,650,000 -8.3% $87 / Sq Ft
03/01/2023 03/01/23 For Sale $1,800,000 -- $95 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dmitriy Selektor

    Seller's Agent in 2024

    Dmitriy Selektor

    EXP Realty Main

    (248) 496-4080

    2 in this area

    92 Total Sales

    Dmitriy Selektor
    Section Image
  • Durrall Williams

    Buyer's Agent in 2024

    Durrall Williams

    Berkshire Hathaway HomeServices The Loft Warehouse

    (313) 465-9103

    1 in this area

    11 Total Sales

    Durrall Williams
    Section Image
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Map

Source: Realcomp

MLS Number: 20230011476

Realcomp
Michigan Wayne County Detroit 48205 Franklin

13535 E McNichols Rd, Detroit, MI

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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