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15000 Greenfield Road

Detroit, MI 48227
  • $749,900
  • STATUS: Active
  • ON SITE: 155 Days
  • MLS #: 20230096331
$749,900
  • 0
    BEDS
  • 0.19
    ACRES
  • 13
    BATHS
  • 0
    1/2 BATHS
  • 7,920
    SQFT
  • $95
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Zoning:
Commercial
Lot Size Dimensions:
74.00 x 110.00

School Ratings & Info

School District:

Description

**RARE OPPORTUNITY** Investors, here is your chance to add a truly turn-key apartment building to your portfolio! The property features 13 units (9 one-bedroom and 4 studio units) with space to add a 14th unit in the basement! 10 of the units are currently occupied and generating $6,275/month in rental income, and would generate $8,500/month when fully occupied. Rents are being raised to $700/month for 1 bedrooms & $550/month for studios on 1/1/2024 and tenants have been notified. The property has been completely rehabbed and features vinyl windows, updated kitchens and bathrooms in the units, PEX plumbing, separately metered electric heating, and much more! The property also has its RENTAL CERTIFICATION, which is valid through 10/21/2025! The fenced parking lot out back is included in the sale. Located in NW Detroit, just outside the Grandmont-Rosedale neighborhood and north of the Grand River corridor. Most of the tenants are long-term, low-maintenance, and want to stay!

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IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-04-03T23:59:38.88.
www.bhhssnyder.com/homes/145230624
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15000 Greenfield Road Detroit, MI 48227

  • Price: $749,900
  • Status: Active
  • On Site: 155 Days
  • MLS #: 20230096331
0
Beds
13
Baths
0
½ Baths
0.19
Acres
7,920
SQFT
$95
$/SQFT
1962
Built
Neighborhood:
Avon Park Sub (Plats)
County:
Wayne
Area:
Det 6-tire - Grnfld - Livernois
School District:
DETROIT
Property Description
**RARE OPPORTUNITY** Investors, here is your chance to add a truly turn-key apartment building to your portfolio! The property features 13 units (9 one-bedroom and 4 studio units) with space to add a 14th unit in the basement! 10 of the units are currently occupied and generating $6,275/month in rental income, and would generate $8,500/month when fully occupied. Rents are being raised to $700/month for 1 bedrooms & $550/month for studios on 1/1/2024 and tenants have been notified. The property has been completely rehabbed and features vinyl windows, updated kitchens and bathrooms in the units, PEX plumbing, separately metered electric heating, and much more! The property also has its RENTAL CERTIFICATION, which is valid through 10/21/2025! The fenced parking lot out back is included in the sale. Located in NW Detroit, just outside the Grandmont-Rosedale neighborhood and north of the Grand River corridor. Most of the tenants are long-term, low-maintenance, and want to stay!
Exterior Features

Architecture Level 2 Story Architecture Style Colonial Construction Materials BrickVinyl Foundation Details Basement Foundation Materials Block Lot Size Dimensions 74.00 x 110.00 Multifamily Parking Assigned SpacesOn Street Parking Total 6 Pool YN No Road Frontage Feet 74 Road Frontage Type Paved Roof Material Rubber Waterfront YN No

Interior Features

Basement Type Partially Finished Basement YN Yes Baths Total 13.00 Fireplace YN No Heating Separate Meters Heating Fuel Electric Interior Features 100 Amp ServiceCable AvailableCircuit Breakers Living Area Source Public Records Sq Ft Combined 9120 Sq Ft Lower Floor 1200 Sq Ft Total Basement 3000 Unit Efficiency Number Of 4 Unit Four Bed Number Of 0 Unit One Bed Number Of 9 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Assessment 100.00 Deposit Amount 224970.00 Existing Lease YN Yes Gross Scheduled Income 75300.00 Homestead YN No Income Projection Actual Land Contract YN Yes Land Interest Rate 10.00 Land Payment 6250 Land Terms 12-24 Legal Rental Certified YN Yes Listing Financing CashContractConventionalWarranty Deed Monthly Rental Income 6275 Net Operating Income 43100.00 Number Of Units Leased 10 Operating Expense 32200.00 Ownership Status Short Sale - NoPrivate Owned Percent Homestead Exempt YN No Pets Allowed No Postal City Detroit Protection Period 3 Months Rent Includes Water/SewerSnow RemovalTrash Collection (Garbage Pickup)Water Settlement City Sewer Separate MetersSewer at Street Short Sale No Tax Amount Summer 11648.0000 Tax Amount Winter 1766.0000 Title Standard (Private) Total Tax 13414.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 15000 GREENFIELD Road Water Source Public (Municipal)Water at Street Year Remodeled 2020 Zone Conform YN Yes Zoning Commercial

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IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Snyder & Company, Realtors® and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Berkshire Hathaway HomeServices Snyder & Company, Realtors® are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-04-03T23:59:38.88.
 
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