$ 1,125,000
5061 LAKEWOOD Street Detroit, MI 48213
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$ 1,125,000
Est. payment | /mo
17,140 SqFt
$ 1,125,000
Est. payment | /mo
17,140 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 17,140 sqft
Price per Sqft $65
MLS Listing ID 20240036378
Originating Board Realcomp
Year Built 1955
Annual Tax Amount $19,876
Lot Size 0.420 Acres
Acres 0.42
Lot Dimensions 140.00 x 130.00
Property Description
!!!!!Projected net profit of 10-12% or $110,000-120,000 after all expenses!!! Beautifully renovated apartment complex has 20 units. Can be fully rented at closing at the discretion of the buyer. 12 very large 2 bedroom units and 8 comfortable 1 bedroom units. This complex is located in a stable and high demand rental area. Schedule an appointment today. BATVAI. Purchaser to pay a 495 transaction fee at closing.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction West of Chalmers North of Warren
Exterior
View Y/N No
Building
Sewer Public
Water Public
Structure Type Brick
Others
Tax ID W21I054776C8
Listed by Reach Realty Group
GET MORE INFORMATION
Mike Himes
Lic# 501408694