$385,000
$395,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
3,125 SqFt
SOLD DATE : 07/01/2025
Key Details
Sold Price $385,000
Property Type Commercial
Sub Type Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 3,125 sqft
Price per Sqft $123
Subdivision Joseph E Newcomer Fort St
MLS Listing ID 20250034891
Sold Date 07/01/25
Year Built 1927
Annual Tax Amount $3,690
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 70 x 115
Property Sub-Type Real Estate Only
Source Realcomp II Ltd
Property Description
Do not approach tenants!
Turnkey 3-Unit Apartment Complex – Fully Renovated & Fully Occupied!
Discover this beautifully renovated, income-generating property featuring three units and prime amenities. Featuring almost 3,500 sq feet. The expansive 1,700 sqft first-floor unit offers a spacious 2-bedroom layout with a luxurious master suite, walk-in closet, custom kitchen with quartz countertops, vinyl flooring, and a bright, open-concept living room. Rear storage space adds extra convenience.
The second floor includes two additional units, one of which has been tastefully updated. A brand new tankless water heater, efficiently heating the whole building (installed in 2024) ensures energy-efficient comfort for all tenants.
This well-maintained complex is fully occupied, delivering immediate cash flow. Enjoy private rear parking, ample street parking, and an additional parking agreement with a nearby liquor store just two buildings down, ensuring plenty of tenant parking.
Whether you're expanding your portfolio or looking for a stable investment, this property offers long-term value and strong returns. All measurements are approximate agent to verify.
Location
State MI
County Wayne
Area Riverview
Zoning Commercial,Multiple
Direction Property is one block South of Pennsylvania Road on the West Side of Quarry Road
Exterior
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 2 Story
Structure Type Block,Vinyl
Schools
School District Riverview
Others
Tax ID 51011010248002
Ownership Short Sale - No,Private Owned
Assessment Amount $795
Acceptable Financing Cash, Conventional
Rebuilt Year 2024
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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