Please check your email for your login details.212 Beds
$4,980,000
156 Baths
150689 Sq FT
$33.05 Price per Sq Ft
Highlights
About This Home
BACK ON THE MARKET DUE TO BUYER NOT HAVING FUNDS TO CLOSE AT CLOSING. PRICE REDUCED TO SELL!! CALLING ALL INVESTORS!! This Russell Woods apartment complex has 156 units and is an ADD VALUE INVESTMENT/OPPORTUNITY!! 50% occupied! 100 one bed/one bath and 56 two beds/one bath units. Occupied units are in great condition. Vacant units just need turned and rented. This complex is made up of 28 buildings on one plot of land! Rare find. Fenced property. Some of the roofs have been updated/replaced. All of the windows have been updated to vinyl. 48 of the units are on boiler heat and the rest of the 108 units are individually furnaced. Great mix! Good rents. Located in the great Russell Woods Community of Detroit! This will be a cash cow once units are turned and fully occupied! Seller is open to seller financing with 50% down, seller must be in first position. Serious buyers only please!
Listing Agent
Justin Zehel
Keller Williams Paint Creek
Listed on : April 24, 2025
Activity
Days on Market:382
Home Details
Home Type
- ResidentialIncome
Est. Annual Taxes
- $186,732
Year Built
- Built in 1948
Lot Details
- 4.87 Acre Lot
- Lot Dimensions are 212137
Parking
Home Design
Interior Spaces
- 150,689 Sq Ft Home
Kitchen
Flooring
Bedrooms and Bathrooms
- 212 Bedrooms
- 156 Bathrooms
Laundry
Finished Basement
Home Security
Pool
Outdoor Features
Location
- 2255 Webb ST
Utilities
- ForcedAir, NaturalGas, SeparateMeters, 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