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Additional details

Larry Else

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

$ 1,600,000

Est. payment -/mo

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Active

16217 Greenfield Road Detroit, MI 48235

4 Beds

0.58 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 81025014710

Bedrooms 4

Originating Board Greater Metropolitan Association of REALTORS®

Year Built 1962

Annual Tax Amount $34,924

Lot Size 0.580 Acres

Acres 0.58

Lot Dimensions 179 x 142

Property Description

These two multifamily properties offer strong investment potential with diverse rental opportunities. 16217 Greenfield Road features six units across two stories, with an average unit size of 673 square feet and a 67% occupancy rate. The mix of one- and two-bedroom units appeals to various tenants. 16225 Greenfield Road, with 26 units averaging 586 square feet, includes studios, one-bedroom, and two-bedroom units, with rents ranging from $650 to $900. Both properties offer competitive pricing and a variety of unit types, making them ideal for investors seeking to capitalize on the demand for affordable rental housing.

Location

State MI

County Wayne

Area Det - Schcraft-6 Grnfld-Limits

Direction on Greenfield between Hemlock & Florence

Interior

Interior Features Laundry Facility, Cable Available

Heating Forced Air

Cooling Wall Unit(s)

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 32.0

Road Frontage Pub. Sidewalk

Garage no

Building

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID 22050824

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Shelby Fulkerson of Hub, LLC

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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