3550 Montclair Street, Detroit, MI 48214 2162

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Place Perfect Realty

homes@placeperfect.com +1(920) 956-9061

$ 749,900

Est. payment | -/mo

16 Baths

10,944 SqFt

Save

$ 749,900

Est. payment | -/mo

Save

16 Baths

10,944 SqFt

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

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by RE/MAX Leading Edge

"Professional service to our clients & customers is our #1 priority. With offices in Marinette, Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI, 54143-1713, USA

3550 Montclair Street Detroit, MI 48214 2162