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In-PersonVirtual Tour
$ 5,480,000
Est. payment | /mo
150,689 SqFt
$ 5,480,000
Est. payment | /mo
150,689 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 150,689 sqft
Price per Sqft $36
MLS Listing ID A11865994
HOA Y/N No
Lot Size 4.870 Acres
Property Sub-Type Multi Family
Property Description
PRICE REDUCED TO SELL!! CALLING ALL INVESTORS!! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT/OPPORTUNITY!! 50% occupied! 100 one bed/one bath and 56 two beds/one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 28 buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated/replaced. All of the windows have been updated to vinyl. 48 of the units are on boiler heat and the rest of the 108 units are individually furnaced. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Seller is open to seller financing with 50% down, seller must be in first position.
Location
State MI
County Other
Area 5960 Us Not Florida
Interior
Heating Wall Furnace
Exterior
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Others
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11865994
Listed by Keller Williams Eagle Realty
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Renyel Rivero & Severiano Fernandez
Real Estate Consultants