74
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$749,900
Est. payment /mo
16 Baths
10,944 SqFt
New
3550 Montclair Street Detroit, MI 48214 2162
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,944 sqft
Price per Sqft $68
Subdivision Mi
MLS Listing ID 60934288
Full Baths 16
Year Built 1925
Annual Tax Amount $18,135
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 58.5X172.83
Property Sub-Type Multi-Family
Property Description
**INVESTORS** This is your opportunity to add an updated 16 unit brick apartment building to your portfolio! The property has 7 of the 16 units occupied! The property was significantly updated in 2022, with updates including all-new windows, a new roof, 2 new boilers and HWTs, some updated electrical and plumbing, 5 of the 16 units were completely remodeled w/ updated kitchens and bathrooms, and the remaining 11 have had rental turnovers completed! Best of all, this is both a turn-key and value add property, as the front half of the basement has space to add 4 units and has been gutted in preparation for the new owner to begin the work. Each unit's electricity and cooking gas are metered separately while the owner pays for heating, common area electric, and water. The property is also located a few blocks away from Chrysler/Stellantis's new auto manufacturing plant which is expected to have a positive economic impact on the surrounding areas.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Rooms
Basement Common
Interior
Interior Features Cable/Internet Avail.
Heating Radiant, Steam
Fireplace No
Exterior
Exterior Feature Brick
Amenities Available Laundry Facility
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by RE/MAX Leading Edge