Detroit, MI 48205,16085 E 7 MILE RD
$440,000
$449,500
2.1%
Est.Price: ?

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10 BD
8,694 SqFt

16085 E 7 MILE RD Detroit, MI 48205

Est. payment /mo
SOLD DATE : 07/19/2019

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Key Details

Sold Price $440,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 8,694 sqft

Price per Sqft $50

Subdivision Avalon Heights (Plats)

MLS Listing ID 219033031

Sold Date 07/19/19

Bedrooms 10

Originating Board Realcomp II Ltd

Year Built 1947

Annual Tax Amount $4,570

Lot Size 0.440 Acres

Acres 0.44

Lot Dimensions 182.50X100.00

Property Description

EXCELLENT 10 UNIT INCOME PRODUCING TURN-KEY PROPERTY 100% SECTION 8 OCCUPIED. START MAKING MONEY THE MINUTE YOU CLOSE. MOST TENANTS HAVE BEEN IN THE UNITS ON AVERAGE OF 3-5 YEARS. NEWER WINDOWS, GUTTERS, HEATING, PLUMBING AND ELECTRICAL. TAXES HAVE BEEN APPEALED AND ARE LESS THAN $4,500 ANNUALLY. NOWHERE ELSE CAN YOU PAY LESS THAN $45,000 PER DOOR AND PRODUCE $750 IN RENTAL INCOME PER MONTH (MULTIPLIED BY 10 DOORS OR UNITS). THIS BUILDING IS A NO-BRAINER FOR ANY INVESTOR LOOKING TO COLLECT THAT STEADY CASH FLOW MONTH OVER MONTH. CALL AGENT FOR A LIST OF 3 OTHER GREAT PROPERTIES ALSO FOR SALE BY THE SAME SELLER.

Location

State MI

County Wayne

Area Det 8 To Gratiot/Houston To 7

Zoning Commercial

Direction Head west o 7 Mile just east of Kelly.

Interior

Heating Forced Air

Heat Source Natural Gas

Exterior

Roof Type Asphalt

Road Frontage Paved

Building

Foundation Basement

Sewer Sewer-Sanitary

Water Municipal Water

Level or Stories 2 Story

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W21I021308C16

Ownership Private Owned,Short Sale - No

SqFt Source seller app

Acceptable Financing Cash, Land Contract

Listing Terms Cash, Land Contract

Financing Cash,Land Contract

Special Listing Condition Full Service

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Realcomp MLS
Listed by Alex H Saad of Century 21 Curran & Oberski
Bought with Century 21 Curran & Oberski

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Carrie Thompson

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+1(810) 893-3269

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