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About the Listing 16575 - 6501397844
Calling all investors! 13-unit brick apartment building featuring all one-bedroom, one-bath units. 10 of the 13 units have been fully remodeled, with updated windows throughout the property. The seller has also invested thousands into maintaining the boiler system, keeping it in excellent condition. Low operating expenses with tenants paying DTE, water, and trash. The property is 100% approved for the PILOT program and will kick in next year. Strong rental demand, great market rents, and a convenient location make this an excellent cash-flow opportunity. A solid, updated multifamily property with plenty to offer both new and seasoned investors.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
50212081
Year Built
1927
Total Square Footage
8,748
Lot/Acreage
0.14
County
Wayne
Neighborhood
Robt Oakmans Ford Hwy & Linwood Sub
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 13
- Bathrooms: 13 Full
- Appliances:
- Air Cond:
- Heating: Boiler
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 8748
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50x120x50x120
- Roof:
- Others:
- Sewer: Public Sanitary
Financial Details
- Tax Amount: $4,357
- 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..
1705 Oakman Detroit, MI 48238
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