5
See all 5 photos
$399,900
Est. payment /mo
4,004 SqFt
New
18541 Plymouth RD Detroit, MI 48228
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Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 4,004 sqft
Price per Sqft $99
Subdivision Emerson Park
MLS Listing ID 20261001016
Year Built 1955
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type BusinessandRealEstate
Property Description
Great investment opportunity! 8-unit apartment on main road on west side of Detroit. Great location near freeway, food and police department. Montessori school/Day-care being built next door, car shop across the street, just a great location. I little further down the road they are building a grocery store. SAFE and a clean building. A couple units need a little TLC. It has 2 vacant units but also has a full basement, with the furnaces and hotwater tanks and enough space for a mini-laundry area for several machines. 6 units occupied at approximately Z700 a month. Seller has contracts for all tenants and all contracts are month to month. Building has the potential to make up to Z900 per unit monthly, which is Z7,200. Currently making approximately Z4000 monthly. A creative buyer may want to AirBNB the 2 additional units and can potentially make Z2,000 to Z4000 monthly per unit!! Seller willing to give Z20k for repairs, Z10k for each vacant unit, with full price offers. Bring all offers!!
Location
State MI
County Wayne
Area Area05034Detjoyschoolcraftgrnfldlimits
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
View Y/N No
Garage false
Building
Foundation Basement, Block
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Detroit
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, Conventional, UsdaLoan, WarrantyDeed
Listing Terms Cash, Conventional, UsdaLoan, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
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Listed by Rebekah Kashat of Prime + Property
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