$765,000
$830,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
9 Baths
4,528 SqFt
SOLD DATE : 09/04/2024
Key Details
Sold Price $765,000
Property Type Multi-Family
Sub Type Colonial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,528 sqft
Price per Sqft $168
Subdivision Brookview Sub
MLS Listing ID 20240038229
Sold Date 09/04/24
Style Colonial
Bedrooms 6
Full Baths 6
Half Baths 6
Originating Board Realcomp II Ltd
Year Built 1973
Annual Tax Amount $10,694
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 93.30 x 119.50
Property Description
Great Opportunity to own these six units in Plymouth city. This wonderful investment opportunity apartment building is located in a residential neighborhood, walking distance to charming downtown Plymouth, Kellogg Park and all the restaurants and activities available. These 5 one bedrooms and 1 two-bedroom units are spacious with a nice open floor plan. Since 2016 the owners updated some appliances, bathrooms, counter tops, paint & Carpet. These Apartments are 100% leased and always full. Each unit has its own Separate furnace. Tenants pay for their own electric & Gas reducing the owners’ operational costs. Newer furnaces were installed (2 in 2012 and 4 in 2017). Individual Storage units were added in the basement for each apartment in 2017. The outside of the building was painted in (2022). designated laundry area are attractive features for tenants. And there is a possibility of converting part of the basement into an additional unit which offers potential for increased revenue. First floor patios and second floor balconies enhance living space for tenants making units more desirable. The fact that the apartments are 100% leased and consistently full is a strong indicator of the property desirability and could imply a reliable income stream for the new owner. 10 Car Parking lot for the tenants for their convenience too. check out this great investment.
Location
State MI
County Wayne
Area Plymouth
Zoning Multi-Family
Direction N of Ann Arbor Rd & E of Main Street
Rooms
Basement Partially Finished
Interior
Interior Features Other, Laundry Facility
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s), Window Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Lighting
Garage Spaces 10.0
Waterfront no
Roof Type Asphalt
Porch Balcony, Porch
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Colonial
Level or Stories 2 Story
Structure Type Brick
Schools
School District Plymouth Canton
Others
Pets Allowed No
Tax ID 49011990041002
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 2016
Listing Terms Cash, Conventional
Financing Cash,Conventional
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