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15801 W Warren Avenue

Detroit, MI 48228
  • $219,000
  • STATUS: Active
  • ON SITE: 54 Days
  • ID#: 20240001213
UPDATED: 36 min ago
$219,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,500
    SQFT
  • $88
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1952
County:
Zoning:
Commercial
Lot Size Dimensions:
22.00 x 100.00

School Ratings & Info

School District:

Description

Welcome to this versatile mixed-use commercial property located in a W Warren . This property seamlessly combines the convenience of retail space with the comfort of residential living. The ground floor houses a thriving appliance store, offering a diverse range of home appliances and generating a steady monthly lease income of $1,600. The strategic location ensures a steady flow of foot traffic, contributing to the store's success and stability.On the upper floors of the property, there are two residential units that add to the property's overall value. The first unit generates $800 in monthly rental income, providing a cozy and private living space. The second unit, also upstairs, generates $500 monthly which can easily be leased out to 800 as well and offers an affordable housing option in this vibrant neighborhood.The mixed-use nature of this property presents a unique investment opportunity, allowing the owner to diversify income streams and benefit from both commercial and residential markets. With a total monthly income of $2,900, this property promises a sound return on investment and the potential for future growth in a dynamic and thriving community.

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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: 2024-03-01T13:02:14.577.
www.mihomepropertysearch.com/homes/146456158
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15801 W Warren Avenue Detroit, MI 48228

  • Price: $219,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 36 min ago
  • ID#: 20240001213
0
Beds
0
Baths
0
½ Baths
0.05
Acres
2,500
SQFT
$88
$/SQFT
1952
Built
Neighborhood:
Hellner Estates (Plats)
County:
Wayne
Area:
Det - Joy-dbn Ht Grnfld-limits
School District:
DETROIT
Property Description
Welcome to this versatile mixed-use commercial property located in a W Warren . This property seamlessly combines the convenience of retail space with the comfort of residential living. The ground floor houses a thriving appliance store, offering a diverse range of home appliances and generating a steady monthly lease income of $1,600. The strategic location ensures a steady flow of foot traffic, contributing to the store's success and stability.On the upper floors of the property, there are two residential units that add to the property's overall value. The first unit generates $800 in monthly rental income, providing a cozy and private living space. The second unit, also upstairs, generates $500 monthly which can easily be leased out to 800 as well and offers an affordable housing option in this vibrant neighborhood.The mixed-use nature of this property presents a unique investment opportunity, allowing the owner to diversify income streams and benefit from both commercial and residential markets. With a total monthly income of $2,900, this property promises a sound return on investment and the potential for future growth in a dynamic and thriving community.
Exterior Features

Architecture Level 1 Story Construction Materials Brick Lot Size Dimensions 22.00 x 100.00 Road Frontage Feet 22 Road Frontage Type Paved Waterfront YN No

Interior Features

Sq Ft Main 3556

Property Features

Assessment 450.00 Commercial Type Real Estate Only Existing Lease YN No Gross Scheduled Income 34800.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Net Operating Income 0.00 Operating Expense 0.00 Ownership Status Short Sale - NoPrivate Owned Possession At Close Postal City Detroit Protection Period 180 Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 2313.0000 Tax Amount Winter 217.0000 Title Standard (Private) Total Tax 2530.0000 Unparsed Address 15801 W WARREN Avenue Water Source Public (Municipal) Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Simon & Associates Real Estate: (248) 635-2880 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: 2024-03-01T13:02:14.577.
 
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Elite Home Advisors | Keller Williams Platinum
31525 23 Mile Rd
Chesterfield MI, 48047