Please check your email for your login details.16 Baths
$699,900
10944 Sq FT
$63.95 Price per Sq Ft
Highlights
OnStreetUnassigned
About This Home
**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.
Listing Agent
Ryan E Kain
RE/MAX Leading Edge
Listed on : September 5, 2025
Activity
Days on Market:201
Home Details
Home Type
- ResidentialIncome
Est. Annual Taxes
- $18,135
Year Built
- Built in 1925
Lot Details
- 0.23 Acre Lot
- Lot Dimensions are 58.5X172.83
Parking
- OnStreet
- Unassigned
Home Design
Interior Spaces
- 10,944 Sq Ft Home
Kitchen
Flooring
Bedrooms and Bathrooms
- 16 Bathrooms
Laundry
Finished Basement
Home Security
Pool
Outdoor Features
Location
- DetroitCity_Wayne, Michigan
- Wayne County
- Postal Code: 48214
Utilities
- NaturalGas, Radiant, Steam
- Water Source: Public
- Sewer: PublicSewer
About the Showing Agent
Hassan Scheib
Own It Realty
Contact Hassan
As a leading Real Estate investment broker, native Detroiter, and family man, Hassan Scheib commands a firm grasp of investing in the Detroit Metro area. His experience and native intuition have led him from success to success as he has overseen property sales, acquisitions, inspections, construction, and tenant placement. Hassan combines keen business acumen, finance know-how, transparency, and ethics with every deal, and he is skilled in Portfolio Sales, Investor Relations, Strategic Planning, Marketing & Management. Above all else, he understands that the client is at the center of the deal and knows how to listen to their needs, roll up his sleeves, and offer them first-class customized service. Committed and attentive, Hassan is always ready to dip into his expansive professional network, industry experience, care, and meticulous attention to detail to help clients reach their goals.
Map
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Hassan Scheib