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10490 W JEFFERSON AVE River Rouge, MI 48218
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Key Details
Sold Price $119,900
Property Type Commercial
Sub Type Apartments,Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $23
Subdivision Furgasons 3Rd Addn
MLS Listing ID 217031088
Sold Date 08/04/17
Bedrooms 3
Originating Board Realcomp II Ltd
Year Built 1910
Annual Tax Amount $5,118
Lot Size 3,484 Sqft
Lot Dimensions 33.61X101.86
Property Description
Unique and phenomenal investment opportunity. There is an operating Coney island, that's been in business for over 20 years, next door is a vacant building, (approx. 1200 sq ft) that was most recently leased out to a tax office for $750 month. Above both buildings are apartments. There are 10+ single room studios above the restaurant, there are 2 shared bathrooms (no kitchens). These rent for approx. $250-300 each. Above the tax office, are 3, 2 bedroom units with full kitchen and bath. These units rent for $350-450 month. All units do need some work.
Seller is very motivated; relocating back overseas.
Location
State MI
County Wayne
Area River Rouge
Zoning Multi-Family,Multiple,Office
Direction Located on corner of W Jefferson
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Road Frontage Paved
Building
Foundation Slab
Sewer Sewer-Sanitary
Water Municipal Water
Level or Stories 2 Story
Structure Type Brick,Vinyl
Schools
School District River Rouge
Others
Tax ID 50008060001000
Ownership Private Owned,Short Sale - No
SqFt Source approx
Assessment Amount $1,867
Financing Cash,Conventional
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