$675,000
$675,000
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10311 CADIEUX Road Detroit, MI 48224
12 Beds
12 Baths
7,228 SqFt
Key Details
Sold Price $675,000
Property Type Multi-Family
Sub Type Common Entry Building
Listing Status Sold
Purchase Type For Sale
Square Footage 7,228 sqft
Price per Sqft $93
Subdivision More Than One Subdivision Involved
MLS Listing ID 20240018770
Style Common Entry Building
Bedrooms 12
Full Baths 12
Year Built 1962
Annual Tax Amount $14,417
Lot Size 9,147 Sqft
Property Description
Rare opportunity don't let this pass you by. 100% occupancy and all rents are at market rate. The average rent is just over $1000. No deferred maintenance, start cash flowing from day 1. 10 of the 12 units are section 8 with regular rent increases each year. All tenants are in a lease. The owner pays for water, heat, and some electricity. The water bill averages $400. Also, the taxes were just lowered. This means more cash in your pocket. No showings without an accepted offer. The buyer will receive a warranty deed, title insurance, and a clear title. The buyer is to pay a $495 transaction fee to Downtown Realty. The agent is part of the LLC selling the property. ***DO NOT DISTURB THE TENANTS***
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Zoning Multi-Family
Interior
Hot Water Natural Gas
Heating Baseboard, Radiant
Cooling Ceiling Fan(s), Wall Unit(s)
Exterior
Garage Spaces 6.0
Pool No
Waterfront no
Roof Type Rubber
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Downtown Realty