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4535 Commonwealth Street

Detroit, MI 48208
  • $1,349,000
  • STATUS: Active
  • ON SITE: 58 Days
  • ID#: 20230105498
UPDATED: 33 min ago
$1,349,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,604
    SQFT
  • $293
    $/SQFT
Type:
Commercial
Built:
1914
County:
Zoning:
Commercial,Multi-Family
Lot Size Dimensions:
50.00 x 130.00

School Ratings & Info

School District:

Description

Built in 1908 and located in the heart of the vibrant Woodbridge neighborhood, 4535 Commonwealth has been completely renovated top-to-bottom and features eight turn-key apartments.As a resident, features include in-unit washer/dryers, modern bathrooms, shaker-style kitchen cabinetry, stainless appliances, luxury vinyl flooring, original exposed brick accent walls, large bay windows, basement for additional storage, and a new eight-car parking lot.There are four studios and four two-bedroom apartments. Monthly rents range from $1,050 to $1,750 per month. Tenants pay their own electricity, and the landlord pays gas and water (billed to tenants monthly). Surrounded by some of Detroits most iconic and historic architecture, 4535 Commonwealth is just steps from all the neighborhood hotspots and a few blocks from Wayne State University.

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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: 2024-02-23T21:04:09.013.
www.mihomepropertysearch.com/homes/146227844
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4535 Commonwealth Street Detroit, MI 48208

  • Price: $1,349,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 33 min ago
  • ID#: 20230105498
0
Beds
0
Baths
0
½ Baths
0.15
Acres
4,604
SQFT
$293
$/SQFT
1914
Built
Neighborhood:
MORE THAN ONE SUBDIVISION INVOLVED
County:
Wayne
Area:
Det: Livernois-i75 6-gd River
School District:
DETROIT
Property Description
Built in 1908 and located in the heart of the vibrant Woodbridge neighborhood, 4535 Commonwealth has been completely renovated top-to-bottom and features eight turn-key apartments.As a resident, features include in-unit washer/dryers, modern bathrooms, shaker-style kitchen cabinetry, stainless appliances, luxury vinyl flooring, original exposed brick accent walls, large bay windows, basement for additional storage, and a new eight-car parking lot.There are four studios and four two-bedroom apartments. Monthly rents range from $1,050 to $1,750 per month. Tenants pay their own electricity, and the landlord pays gas and water (billed to tenants monthly). Surrounded by some of Detroits most iconic and historic architecture, 4535 Commonwealth is just steps from all the neighborhood hotspots and a few blocks from Wayne State University.
Exterior Features

Construction Materials Brick Foundation Details SlabBasement Foundation Materials Brick/Mortar Lot Size Dimensions 50.00 x 130.00 Road Frontage Feet 50 Road Frontage Type Paved Waterfront YN No

Interior Features

Heating Cooling Hot Water Heating Fuel Natural Gas Sq Ft Main 4604 Unit Efficiency Number Of 4 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 4

Property Features

Assessment 240.00 Commercial Type ApartmentsReal Estate Only Existing Lease YN No Gross Scheduled Income 140400.00 Inventory Included YN No Land Contract YN No Listing Financing CashConventional Net Operating Income 94680.00 Operating Expense 45720.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 0 Possession At Close Postal City Detroit Protection Period 30 Settlement City Sewer Sewer at Street Short Sale No Tax Amount Summer 15360.0000 Tax Amount Winter 222.0000 Title Standard (Private) Total Tax 15582.0000 Unparsed Address 4535 COMMONWEALTH Street Water Source Water at Street Year Remodeled 2023 Zoning CommercialMulti-Family

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via O'Connor Realty Detroit, LLC: (313) 963-9891 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: 2024-02-23T21:04:09.013.
 
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