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15000 Greenfield Road

Detroit, MI 48227
  • $749,900
  • STATUS: Active
  • ON SITE: 110 Days
  • ID#: 20230096345
UPDATED: 84 min ago
$749,900
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,920
    SQFT
  • $95
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1962
County:
Zoning:
Commercial
Lot Size Dimensions:
74.00 x 110.00

School Ratings & Info

School District:

Description

**RARE OPPORTUNITY** Investors, here is your chance to add a truly turn-key apartment building to your portfolio! The property features 13 units (9 one-bedroom and 4 studio units) with space to add a 14th unit in the basement! 10 of the units are currently occupied and generating $6,275/month in rental income, and would generate $8,500/month when fully occupied. Rents are being raised to $700/month for 1 bedrooms & $550/month for studios on 1/1/2024 and tenants have been notified. The property has been completely rehabbed and features vinyl windows, updated kitchens and bathrooms in the units, PEX plumbing, separately metered electric heating, and much more! The property also has its RENTAL CERTIFICATION, which is valid through 10/21/2025! The fenced parking lot out back is included in the sale. Located in NW Detroit, just outside the Grandmont-Rosedale neighborhood and north of the Grand River corridor. Most of the tenants are long-term, low-maintenance, and want to stay!

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IDX provided courtesy of Realcomp II Ltd. via Elite Home Advisors | Keller Williams Platinum and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Elite Home Advisors | Keller Williams Platinum are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-03T06:59:33.077.
www.mihomepropertysearch.com/homes/145230618
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15000 Greenfield Road Detroit, MI 48227

  • Price: $749,900
  • Status: Active
  • On Site: 110 Days
  • Updated: 84 min ago
  • ID#: 20230096345
0
Beds
0
Baths
0
½ Baths
0.19
Acres
7,920
SQFT
$95
$/SQFT
1962
Built
Neighborhood:
Avon Park Sub (Plats)
County:
Wayne
Area:
Det 6-tire - Grnfld - Livernois
School District:
DETROIT
Property Description
**RARE OPPORTUNITY** Investors, here is your chance to add a truly turn-key apartment building to your portfolio! The property features 13 units (9 one-bedroom and 4 studio units) with space to add a 14th unit in the basement! 10 of the units are currently occupied and generating $6,275/month in rental income, and would generate $8,500/month when fully occupied. Rents are being raised to $700/month for 1 bedrooms & $550/month for studios on 1/1/2024 and tenants have been notified. The property has been completely rehabbed and features vinyl windows, updated kitchens and bathrooms in the units, PEX plumbing, separately metered electric heating, and much more! The property also has its RENTAL CERTIFICATION, which is valid through 10/21/2025! The fenced parking lot out back is included in the sale. Located in NW Detroit, just outside the Grandmont-Rosedale neighborhood and north of the Grand River corridor. Most of the tenants are long-term, low-maintenance, and want to stay!
Exterior Features

Architecture Level 2 Story Construction Materials Brick Foundation Details Basement Foundation Materials Block Lot Size Dimensions 74.00 x 110.00 Road Frontage Feet 74 Road Frontage Type Paved Roof Material Rubber Waterfront YN No

Interior Features

Building Area Source Public Records Commercial Utilities 220V AvailableCircuit Breakers Heating Cooling Baseboard Heating Fuel Electric Sq Ft Main 7920 Sq Ft Office 0 Unit Efficiency Number Of 4 Unit Four Bed Number Of 0 Unit One Bed Number Of 9 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Apod Available YN Yes Assessment 100.00 Commercial Type Business And Real Estate Deposit Amount 224970.00 Existing Lease YN Yes Gross Scheduled Income 75300.00 Inventory Included YN No Land Contract YN Yes Land Interest Rate 10.00 Land Payment 6250 Land Terms 12-24 Legal Rental Certified YN Yes Listing Financing CashContractConventionalWarranty Deed Monthly Sales 0 Net Operating Income 43100.00 Operating Expense 32200.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 77 Possession Subject To Tenant Rights Postal City Detroit Protection Period 3 Months Settlement City Sewer Public Sewer (Sewer-Sanitary)Sewer at Street Short Sale No Tax Amount Summer 11648.0000 Tax Amount Winter 1766.0000 Title Standard (Private) Total Tax 13414.0000 Unparsed Address 15000 GREENFIELD Road Water Source Public (Municipal)Water at Street Year Remodeled 2020 Zone Conform YN Yes Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via RE/MAX Leading Edge: (734) 404-8800 and Realcomp, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Elite Home Advisors | Keller Williams Platinum and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Elite Home Advisors | Keller Williams Platinum are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-03T06:59:33.077.
 
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