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$ 6,850,000
Est. payment | /mo
212 Beds
156 Baths
150,689 SqFt
$ 6,850,000
Est. payment | /mo
212 Beds
156 Baths
150,689 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 150,689 sqft
Price per Sqft $45
Subdivision Mi
MLS Listing ID 50172514
Style 2 Story
Bedrooms 212
Full Baths 156
Year Built 1948
Annual Tax Amount $186,732
Lot Size 4.870 Acres
Acres 4.87
Lot Dimensions 212137
Property Sub-Type Multi-Family
Property Description
CALLING ALL INVESTORS!! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT/OPPORTUNITY!! 60% occupied! 100 one bed/one bath and 56 two beds/one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 12 plus buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated/replaced. Most of the windows have been updated to vinyl. Half the complex is boiler heat and the other half has furnaces in each unit. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Serious buyers only please!
Location
State MI
County Wayne
Area Detroit (82001)
Interior
Heating Boiler, Forced Air
Fireplace No
Building
Story 2 Story
Foundation Basement
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Private
SqFt Source Realist
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Keller Williams Paint Creek