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16555 SCHAEFER HWY Detroit, MI 48235
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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 46,940 sqft
Price per Sqft $25
Subdivision College Grove Sub (Plats)
MLS Listing ID 2210005161
Sold Date 07/29/21
Style Other
Bedrooms 22
Full Baths 22
Half Baths 2
Originating Board Realcomp II Ltd
Year Built 1962
Annual Tax Amount $13,696
Lot Size 0.410 Acres
Acres 0.41
Lot Dimensions 200.00X90.00
Property Description
**Great Investment Opportunity ** Here is your chance to break into the Multi-family investment market. This 22 unit apartment building is 95% occupied with tons of long term tenants. Each tenant pays for all of their own utilities except for water, and has an a/c unit in their apartment. Rent Rolls, and leases provided upon an accepted offer. Rooms/room sizes are estimated and should be verified by the buyer/buyer's agent. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Don't miss the chance to add this great property to your portfolio. **EMD to be held by Downtown Realty, No Exceptions **Please allow 24hrs to show!**
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Multi-Family
Direction North of Puritan West of Schaefer
Rooms
Basement Private
Interior
Heating Forced Air
Cooling Wall Unit(s)
Heat Source Natural Gas
Exterior
Exterior Feature Fenced
Pool No
Roof Type Asphalt
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Other
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed No
Tax ID W22I030691C700
Ownership Short Sale - No,Private Owned
Assessment Amount $1,600
Acceptable Financing Cash, Conventional, Warranty Deed
Rebuilt Year 2018
Listing Terms Cash, Conventional, Warranty Deed
Financing Cash,Conventional,Warranty Deed
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