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Realtyflo Inc

team@realtyflo.com +1(313) 466-7253

$ 499,999

Est. payment -/mo

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Active

16810 Baylis ST Detroit, MI 48221

5 Baths

7,996 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 7,996 sqft

Price per Sqft $62

Subdivision Nagels Golf Club

MLS Listing ID 20251015492

Style CommonEntryBuilding

Full Baths 5

Year Built 1927

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type MultiFamily

Property Description

Fully updated and income-producing 5-unit apartment building, offering a strong opportunity for investors. Each unit is currently occupied by reliable tenants, all of whom have been in place for approximately three years and wish to stay. All leases are month-to-month, leaving flexibility for the new owner. Recent upgrades include energy-efficient appliances, a new furnace, and a new hot water tank. No major repairs are needed. Approximately 15 years remain on the tax abatement. Located near expressways, just 15 minutes from downtown Detroit and 20 minutes from Detroit Metro Airport. Great 8.5% cap rate in an up-and-coming Detroit neighborhood.

Location

State MI

County Wayne

Area Area05043Detlivernoisi756Gdriver

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features Garage

Pool None

View Y/N No

Garage true

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

High Schools Detroit

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA, VaLoan

Listing Terms Cash, Conventional, FHA, VaLoan

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Call

Listed by Chad Apap of EXP Z Real Estate

Realtyflo Inc

Brokerage | License ID: 6505386963

+1(313) 466-7253

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