$1,200,000
$1,345,000
10.8%For more information regarding the value of a property, please contact us for a free consultation.
16555 SCHAEFER HWY Detroit, MI 48235
22 Beds
23 Baths
46,940 SqFt
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 46,940 sqft
Price per Sqft $25
Subdivision College Grove Sub (Plats)
MLS Listing ID 2210005161
Style Other
Bedrooms 22
Full Baths 22
Half Baths 2
Year Built 1962
Annual Tax Amount $13,696
Lot Size 0.410 Acres
Property Description
**Great Investment Opportunity ** Here is your chance to break into the Multi-family investment market. This 22 unit apartment building is 95% occupied with tons of long term tenants. Each tenant pays for all of their own utilities except for water, and has an a/c unit in their apartment. Rent Rolls, and leases provided upon an accepted offer. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Don't miss the chance to add this great property to your portfolio. **EMD to be held by Downtown Realty, No Exceptions **Please allow 24hrs to show!**
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Multi-Family
Interior
Heating Forced Air
Cooling Wall Unit(s)
Exterior
Exterior Feature Fenced
Pool No
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $1,600
Acceptable Financing Cash, Conventional, Warranty Deed
Listing Terms Cash, Conventional, Warranty Deed
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