HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details

Larry Else

larry@dtrdetroit.com +1(313) 315-3215

$ 940,000

Est. payment -/mo

Save

Pending

46465 WILLIS Road Sumpter Twp, MI 48111

12 Beds

12 Baths

9,523 SqFt

UPDATED:

08/27/2024 05:09 PM

Key Details

Property Type Multi-Family

Sub Type Colonial,Ranch

Listing Status Pending

Purchase Type For Sale

Square Footage 9,523 sqft

Price per Sqft $98

MLS Listing ID 20240041672

Style Colonial,Ranch

Bedrooms 12

Full Baths 12

Originating Board Realcomp II Ltd

Year Built 1946

Annual Tax Amount $9,395

Lot Size 1.380 Acres

Acres 1.38

Lot Dimensions 95x635x636x96

Property Description

This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding NOI, there is significant value-add opportunity, too, in both raising rents and renting the land and garage storage spaces. Moreover, this can be done with low capital on the front end as the seller is in the process of passing all city inspections, which will be completed by closing. Huge bonus there as with the property being as turnkey as can be expected for a MF property, post-close, your only job is to maximize the NOI and valuation of the property with efficient operations. Owner statement, rent roll, and walk through videos of recently occupied unit available upon request.

Location

State MI

County Wayne

Area Sumpter Twp

Zoning Multi-Family,Residential

Direction Sumpter Rd south to Willis Rd West to Sharon Ct

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Road Frontage Paved

Garage yes

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Colonial, Ranch

Level or Stories 1 Story

Structure Type Vinyl

Schools

School District Van Buren

Others

Pets Allowed Yes

Tax ID 81034990004000

Ownership Short Sale - No,Private Owned

Assessment Amount $16

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Keller Williams Somerset

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

GET MORE INFORMATION

QUICK SEARCH

Homes For Sale in Detroit, MI