NEW! Buy and sell safely with virtual options - Learn More
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. Transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all-cash, privately financed, or HELOC.
Listing Highlights
Status
Active
Days on Site
195
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
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
3550 Montclair Detroit, MI 48214
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
