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11,520 SqFt
$ 989,900
Est. payment | /mo
11,520 SqFt
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 11,520 sqft
Price per Sqft $85
Subdivision Emerson Park
MLS Listing ID 20261079937
Year Built 1969
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type RealEstateOnly
Property Description
17-UNIT MULTIFAMILY VALUE-ADD OPPORTUNITY IN DETROIT! NEAR-TURNKEY, EXTENSIVELY RENOVATED ASSET WITH MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED, INCLUDING ROOF, WINDOWS, EXTERIOR, FRAMING, DRYWALL, PAINT, LVP FLOORING, AND ROUGH PLUMBING/ELECTRICAL. REMAINING WORK IS PRIMARILY FINAL MECHANICAL AND PLUMBING TRIM, INCLUDING FURNACES, WATER HEATERS, SINKS, FAUCETS, AND SHOWER DIVERTERS. ALL UNITS ARE INDIVIDUALLY SUBMETERED, HELPING REDUCE OWNER UTILITY EXPOSURE. PROPERTY TO BE DELIVERED VACANT, PROVIDING AN OPPORTUNITY FOR NEW OWNERSHIP TO EXECUTE A FRESH LEASE-UP STRATEGY AT CURRENT MARKET RENTS. PROPERTY ALSO PARTICIPATES IN THE DETROIT PILOT TAX ABATEMENT PROGRAM, SUBJECT TO PROGRAM TERMS. STRONG VALUE-ADD POTENTIAL WITH A CLEAR PATH TO STABILIZATION AND INCREASED CASH FLOW. BUYER TO VERIFY ALL INFORMATION, PERMITS, PILOT TERMS, UNIT DETAILS, AND PROJECTED RENTS. FOR MORE INFORMATION, CONTACT THE LISTING AGENT!
Location
State MI
County Wayne
Area Area05034Detjoyschoolcraftgrnfldlimits
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
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Listed by Bilal A Hamie of RE/MAX Team 2000