74
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$749,900
Est. payment /mo
16 Baths
10,018 Sqft Lot
New
3550 Montclair Street Detroit, MI 48214
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251033366
Year Built 1925
Annual Tax Amount $18,135
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 58.5X172.83
Source Realcomp
Property Description
**INVESTORS** This is your opportunity to add an updated 16 unit brick apartment building to your portfolio! The property has 7 of the 16 units occupied! The property was significantly updated in 2022, with updates including all-new windows, a new roof, 2 new boilers and HWTs, some updated electrical and plumbing, 5 of the 16 units were completely remodeled w/ updated kitchens and bathrooms, and the remaining 11 have had rental turnovers completed! Best of all, this is both a turn-key and value add property, as the front half of the basement has space to add 4 units and has been gutted in preparation for the new owner to begin the work. Each unit's electricity and cooking gas are metered separately while the owner pays for heating, common area electric, and water. The property is also located a few blocks away from Chrysler/Stellantis's new auto manufacturing plant which is expected to have a positive economic impact on the surrounding areas.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Commercial
Direction From Goethe turn North on Montclair
Interior
Heating Radiant, Steam
Exterior
View Y/N No
Roof Type Other
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W21I040671S
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by RE/MAX Leading Edge
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