Price Reduction
Address
11371 E 7 Mile rd Detroit, MI
Price
$ 249,900
Property Attributes
  • ML#50021131
  • TypeMulti-Family
  • CountyWAYNE
  • CityDetroit
  • AreaDetroit
  • NeighborhoodDetroit
  • Zip48234
  • StyleRanch
  • Year Built1968
  • Taxes5125
  • Price$ 249,900
  • Bedrooms8
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage3612
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Gebrael Management
Property Description

Great Investment Opportunity with this 7 unit apartment complex. One unit is a 2b/1b and the remaining 6 are all 1b/1b. There is currently 4 units rented 2 rehabbed and listed for rent with the remaining one getting wrapped up to list for rent. This complex is pretty turn key with mostly all the major rehab work already finished. Currently the rent roll is $1,985. Once the other units are rented the potential rent roll will be close to 4k/month. Owner pays water and tenants pay electric. All the units are electric baseboard heat. Please contact me for more information at 810-423-3718.

Price History
8/20/2020 Listed $259,900
11/21/2020 4% - $249,900

General Features

Appliances Range/Oven, Refrigerator
Bathrooms 7
Beds 8
Class MULTIFAMILY
Financial Terms Cash, Conventional
Full Baths 7
Heating Electric Heat
Legal Description N--E SEVEN MILE RD 15 THRU 17 SEVEN MILE HEIGHTS SUB L53 P52 PLATS, W C R 17/522 60 X 11
Listing Area Detroit (82001)
Municipality Detroit
Originating Mls East Central Association of REAL
Ownership Private
School District Detroit City School District
Source Mls MI Real Source
Status Active
Status Active
Structure Style 1 Story
Style Ranch
Subdivision seven mile heights sub
Subj To Short Sale Apprvl No
Type Multi-Family
Water Public Water
Year Built 1968

Interior Features

Fireplace? No
Fuel Type Electric
Total Number of Units 7
Unit 1 Occupied Y/n Yes
Unit 2 Occupied Y/n No
Unit 3 Occupied Y/n No
Unit 4 Occupied Y/n Yes
Unit 5 Occupied Y/n Yes
Unit 6 Occupied Y/n No

Exterior Features

Foundation Type Slab
Lot Dimensions 6534
Lot Size Area 0.15
Separate Electric Y/n Yes
Separate Gas Y/n Yes
Separate Heat Y/n Yes
Separate Water Y/n No
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48234

Price
AVG $60K
$250K
Taxes
AVG $1,434
$5,125
Visits
AVG 21
29
Year Built
AVG 1936
1968
Walkscore
AVG 53
47
Data Provided by Walkscore ® not using MLS data

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