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About the Listing 104488 - 670947
**INVESTORS** This is your opportunity to add an updated 16 unit brick apartment building to your portfolio! The property has 7 of the 16 units occupied! The property was significantly updated in 2022, with updates including all-new windows, a new roof, 2 new boilers and HWTs, some updated electrical and plumbing, 5 of the 16 units were completely remodeled w/ updated kitchens and bathrooms, and the remaining 11 have had rental turnovers completed! Best of all, this is both a turn-key and value add property, as the front half of the basement has space to add 4 units and has been gutted in preparation for the new owner to begin the work. Each unit's electricity and cooking gas are metered separately while the owner pays for heating, common area electric, and water. The property is also located a few blocks away from Chrysler/Stellantis's new auto manufacturing plant which is expected to have a positive economic impact on the surrounding areas.
Listing Highlights for 3550 Montclair
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
60934288
Year Built
1925
Total Square Footage
10,944
Lot/Acreage
0.23
County
Wayne
Neighborhood
Hendries (Plats)
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 0
- Bathrooms: 16 Full
- Appliances:
- Air Cond:
- Heating: Radiant,Steam
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 10944
- Below Ground Sq Ft: n/a
- Basement: Common
- Other: Cable/Internet Avail.
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 58.5X172.83
- Zoning: Commercial
- Roof:
- Others:
- Sewer:
- Parking Features: On Street
Financial Details
- Tax Amount: $18,135
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
3550 Montclair Detroit, MI 48214
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