8
See all 8 photos
$499,000
Est. payment /mo
10 Baths
4,467 SqFt
Price Dropped by $51K
12927 Plymouth Road Detroit, MI 48227
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,467 sqft
Price per Sqft $111
Subdivision Mi
MLS Listing ID 60974364
Style 1 Story
Full Baths 10
Year Built 1955
Annual Tax Amount $8,378
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 120X100
Property Sub-Type Multi-Family
Property Description
INVESTORS: Cash-flow from day one with this high-performing 10-unit apartment building at 12927 Plymouth Rd, priced to move at $550,000! Currently fully leased and generating $6,000/month in actual rent, this asset delivers an impressive 8%+ Cap Rate with additional room to grow. This rare deal also includes two adjacent vacant parking lots,12913 Plymouth Rd and 12901 Plymouth Rd ( Fenced parking lot ), offering massive value for tenant parking or future development . The property features a low-maintenance brick exterior and gated courtyard, making it a perfect addition to any portfolio. Tenants pay their own electric bills, including for the electric baseboard heat. Please do not disturb tenants. Buyer and buyer's agent to verify all information; room measurements are approximate. Property is being sold AS-IS. No virtual showings. All buyers must be accompanied by a licensed real estate agent. A signed NDA and POF/Pre-Approval Letter are required to receive the full Rent Roll.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Interior
Heating Baseboard, Electric Heat
Cooling Wall/Window A/C
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 1 Story
Foundation Slab
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Electric
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX Dream Properties
Nearby Locations
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