NOT LISTED FOR SALE
12 Beds
6 Baths
7,092 Sq Ft
5,663 Sq Ft Lot

Last Sold October 31, 2016

Last sale price $129,500 $18 Per Sq Ft

19 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • Forced Air Heating System
  • Cass Technical High School Rated 10

About This Home

As of October 2016

**TURN-KEY 6 UNIT APARTMENT** Robust, solid brick, turn-key apartment building for sale in Southwest Detroit! All units are fully occupied and generate $3,025 per month in rental income!! Property features 6 well maintained Townhouse style apartments, each unit has 2 bedrooms, 1 bathroom, kitchen, dining room, living room, private basements, private entrances, separate meters, and plenty of parking on street. Owner pays water, and tenants are responsible for their own gas and electric. Purchaser to pay $495 processing fee to listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!

Last Agent to Sell the Property

Larry Else

Realtyflo Inc License #6502386964 Listed on: 09/21/2016

Last Buyer's Agent

Larry Else

Realtyflo Inc License #6502386964 Listed on: 09/21/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1926

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 51.84x110.00
  • Property fronts a private road

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 6 Full Bathrooms
  • 7,092 Sq Ft Home
  • 2-Story Property
  • Basement

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 6 Units
  • Ferndale Ave Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W18I009660S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,757

Year Built

Built in 1926

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Townhouse
  • Architecture Level: 2 Story
  • Assessment: 340
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement: Yes
  • Basement Type: Private
  • Total Sq Ft: 7092

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Porch Type: Balcony, Porch - Covered
  • Road Frontage Type: Private, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 1014615.3846
  • Lot Size Area: 0.13
  • Lot Dimensions: 51.84X110.00
  • Parcel Number: W18I009660S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer
  • Monthly Rental Income: 3025

Tax Info

  • Tax Amount Summer: 1595.0000
  • Tax Amount Winter: 162.0000
  • Total Tax: 1757.0000

Multi Family

  • Gross Scheduled Income: 36300.00
  • Number Of Units Total: 6

MLS Schools

  • School District: Detroit
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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
10/31/2016 10/31/16 Sold $129,500 -1.8% $18 / Sq Ft
10/10/2016 10/10/16 Pending -- -- --
09/21/2016 09/21/16 For Sale $131,900 -- $19 / Sq Ft
Source: Realcomp

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,835 $135,900 $0 $0
2024 $8,755 $112,900 $0 $0
2023 $3,933 $88,100 $0 $0
2022 $4,233 $77,600 $0 $0
2021 $4,101 $63,500 $0 $0
2020 $4,099 $56,200 $0 $0
2019 $4,028 $42,800 $0 $0
2018 $3,258 $37,900 $0 $0
2017 $708 $37,300 $0 $0
2016 $1,781 $17,100 $0 $0
2015 $1,710 $17,100 $0 $0
2013 $1,892 $18,923 $0 $0
2010 -- $27,112 $1,219 $25,893
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 216093584

Realcomp

APN: 18-009660.

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