13521 E MCNICHOLS RD
DETROIT, MI 48205

$385,000

0 Beds

7 Baths

3,140 Sq Ft

Status Active

MLS# 20230066307

Great Investment Opportunity!!! Well Maintained, Stabilized and Producing 7 unit Apartment Building. Offered at 11% CAP rate. Next door - 13535 (23 units) McNichols is also available for sale. Properties are next to each other and might be sold together. Currently producing at a $63k a year Gross . Current Net income is $43,811. Projected gross income once fully leased $68,200. Landlord pays water, gas, electric. Needs advance notice to show. Do not disturb tenants.

Details for 13521 E MCNICHOLS RD

$123 / Sq Ft

0 parking spaces

Heat Pump

314 Days on website

0.14 acres lot

Interior

Bathrooms Full

Bathrooms Total

Living Area

3,140 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Unit Count

Year Built

1953

Exterior And Lot

Lot Size Acres

0.14

Lot Size Square Feet

6098

Zoning

Commercial,Multi-Family

Utilities

Cooling

["Window Unit(s)"]

Heating

Heat Pump

Heating Fuel

Heat Pump, Electric

Area And Schools

City

Detroit

County Or Parish

Wayne

School District

Detroit

Subdivision Name

MICHAEL GREINER ESTATE (PLATS)

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Short Sale

Tax Amount Summer

5354.0000

Tax Amount Winter

538.0000

Tax Annual Amount

$5,892