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Erin Raetz

erin@raetzteam.com +1(586) 996-8410

$499,000

Est. payment - /mo

10 Baths

4,467 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 4,467 sqft

Price per Sqft $111

Subdivision Coon Ave Heights Sub

MLS Listing ID 20261014273

Style Ranch

Full Baths 10

Year Built 1955

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type MultiFamily

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 Area05042Det6Tiregrnfldlivernois

Interior

Heating Baseboard, Electric

Cooling Wall Unit(s)

Fireplace No

Exterior

Pool None

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, WarrantyDeed

Listing Terms Cash, Conventional, WarrantyDeed

Special Listing Condition ShortSaleNo, Standard

Pets Allowed No

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Listed by Behzad Bokani of RE/MAX Dream Properties

Nearby Locations

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Erin Raetz

+1(586) 996-8410

12927 Plymouth RD Detroit, MI 48227

Erin Raetz

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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