Mid-Mitten Realty
9501 Iris new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48227
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 45,312 sqft
Price per Sqft $22
Subdivision Mi
MLS Listing ID 60934838
Style 2 Story
Full Baths 58
Year Built 1969
Annual Tax Amount $21,493
Lot Size 0.930 Acres
Acres 0.93
Lot Dimensions 100 x 40
Property Sub-Type Multi-Family
Property Description
Amazing INVESTOR Special! Don't miss this amazing opportunity in a rapidly developing neighborhood! This 58-unit Complex is vacant and primed for completion. Some units are already renovated while other need drywall and finishing touches. Property features (52) 1 units and (6) 2 bedroom units with 1 bath. Projected Income: $40,000 monthly / $475,000+ annually at 80% occupancy (higher at full occupancy). Location highlights: Close to schools, shopping, public transportation and more. Parking: Plenty of on-site parking spaces available. Cash Buyers Only,- no seller financing. Property Sold AS IS. Buyer to perform due diligence. Serious inquires Only. This property has the potential to be a true cash-flow machine once stabilized.
Location
State MI
County Wayne
Area Northville (82339)
Zoning Multi-Family
Rooms
Basement Common
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water at Street
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,Conventional Blend