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9411 BURT Road Detroit, MI 48228
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Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Colonial,Townhouse,Traditional
Listing Status Sold
Purchase Type For Sale
Square Footage 882 sqft
Price per Sqft $311
Subdivision Rouge Park Blvd Sub
MLS Listing ID 2210051060
Sold Date 08/12/21
Style Colonial,Townhouse,Traditional
Bedrooms 5
Full Baths 5
Originating Board Realcomp II Ltd
Year Built 1953
Annual Tax Amount $4,551
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60.00X100.00
Property Description
Amazing Investment Opportunity, Serious Investors Only, this one won’t last!! 5-unit, FULLY OCCUPIED, Townhome style building in one of the hottest rental markets in Detroit. This property has recently upgraded units, as well as $5k worth of upgrades done to the exterior. Highlights of the property:
- Units are 2 bed, 1.5 bath - 880 avg. sq feet - Positive cash flow (financials can be provided) - 8% cap rate with more room for rent increase - All units metered separately -Upgrades include newer roof, hot water tanks and furnaces less than 7 years old. Each unit has its own private basement- Current owner has maintained the building extremely well. ****PROPERTY APPRAISED OVER CURRENT LIST PRICE, 18 MONTHS AGO with only 66% occupancy ****
Location
State MI
County Wayne
Area Det: Joy-Schoolcraft Grnfld-Limi
Zoning Multi-Family
Direction From I-96, South on Greenfield to W Chicago, Left and follow to Burt Road
Rooms
Basement Unfinished, Private
Interior
Interior Features High Spd Internet Avail, Cable Available
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Lighting, Private Entry
Roof Type Asphalt
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Sewer at Street
Water Public (Municipal)
Architectural Style Colonial, Townhouse, Traditional
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed No
Tax ID W22I004002C4
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Reach Realty Group
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