Detroit, MI 48227,14400 - 16 GRAND RIVER AVE
$155,000
$195,000
20.5%
Est.Price: ?

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4 BD
11,500 SqFt

14400 - 16 GRAND RIVER AVE Detroit, MI 48227

Est. payment /mo
SOLD DATE : 06/06/2018

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Key Details

Sold Price $155,000

Property Type Commercial

Sub Type Apartments,Commercial,Real Estate Only

Listing Status Sold

Purchase Type For Sale

Square Footage 11,500 sqft

Price per Sqft $13

Subdivision Schoolcraft Allotment (Plats)

MLS Listing ID 218007158

Sold Date 06/06/18

Bedrooms 4

Originating Board Realcomp II Ltd

Year Built 1926

Annual Tax Amount $5,960

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 92.61X120.00

Property Description

Excellent income opportunity, mixed use building with good exposure on Grand River, close to expressway access. Six commercial store front units, three currently leased out with the fourth to take occupancy this next month. Building management by R.E.M.S, listing office. Two commercial units facing Mark Twain. There are also two apartment units with Grand River access and two apartment units facing Mark Twain. The building has a full basement and is being consistently updated, Starting with each units window / door, store front being replaced. Partial building has new rubber Duro-Last roofing, the heating system has been converted from steam to GFA per units. Not every unit is tenant ready especially the apartments. The sellers will consider land contract terms.
R.E.MS processing fee of $295.00

Location

State MI

County Wayne

Area Det 6-Tire - Grnfld - Livernois

Zoning Commercial

Direction subject is between Schaefer and Greenfield

Interior

Hot Water Electric, Natural Gas

Heating Forced Air

Heat Source Natural Gas

Exterior

Waterfront no

Roof Type Rubber

Road Frontage Paved

Building

Foundation Basement

Sewer Sewer-Sanitary

Water Municipal Water

Level or Stories 2 Story

Structure Type Block/Concrete/Masonry,Brick,Stucco/EIFS

Schools

School District Detroit

Others

Tax ID W22I008351S

Ownership Private Owned,Short Sale - No

SqFt Source PRD

Assessment Amount $654

Acceptable Financing Cash, Conventional, Land Contract

Listing Terms Cash, Conventional, Land Contract

Financing Cash,Conventional,Land Contract

Special Listing Condition Full Service

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Realcomp MLS
Listed by Robert LaBute of Real Estate Management Specialists Inc

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Dylan Tanaka

Broker Associate | License ID: 6506046373

+1(248) 609-3030

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