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11705 ELMDALE ST Detroit, MI 48213
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Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 7,398 sqft
Price per Sqft $54
Subdivision Gratiot Gardens (Plats)
MLS Listing ID 219112380
Sold Date 12/17/19
Bedrooms 12
Originating Board Realcomp II Ltd
Year Built 1927
Annual Tax Amount $2,915
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 40.00X150.00
Property Description
REDUCED TO SELL! OWNER RETIRING!!! GREAT OPPORTUNITY TO CASH IN ON A FULLY REMODELED INCOME GENERATING BRICK 12 UNIT. 100% OCCUPIED WITH SECTION 8 TENANTS. BRAND NEW BOILER. INVESTORS THIS IS A MAGNIFICENT CHANCE TO RECEIVE GUARANTEED MONTHLY INCOME DIRECTLY TO YOUR BANK ACCOUNT. CASH OFFERS ONLY. 19% CAP RATE! OFFER & POF REQUIRED FOR ALL SHOWINGS.HAP CONTRACTS PROVIDED WITH AN ACCEPTED OFFER. ALL MSHDA SEC 8 TENANTS. EXPENSE BREAKDOWN INCLUDED IN DOCUMENTS. ABOVE MARKET RENT OF $9430 IN MONTHLY INCOME.MONTHLY EXPENSES:$588.58 INSURANCE$397.96 WATER$1120.85 DTE$250 TAXESTotal $2357.39 per month
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Zoning Commercial
Direction TAKE CONNER EAST TO ELMDALE. GO NORTH ON ELMDALE TO ARRIVE AT PROPERTY.
Interior
Heating Forced Air, Hot Water
Heat Source Natural Gas
Exterior
Road Frontage Paved, Pub. Sidewalk
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Municipal Water
Level or Stories 2 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I007300S
Ownership Private Owned,Short Sale - No
Acceptable Financing Cash, Warranty Deed
Listing Terms Cash, Warranty Deed
Financing Cash,Warranty Deed
Special Listing Condition Full Service
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