Please check your email for your login details.16 Beds
$1,000,000
16 Baths
10590 Sq FT
$94.43 Price per Sq Ft
Highlights
About This Home
Calling all investors! 16-unit apartment complex featuring all one-bedroom, one-bath units. Extensively updated with new plumbing, updated electrical, newer windows, and brand-new furnaces. Half the units offer electric baseboard heat, while the others have individual furnaces. Tenants pay gas and electric, keeping operating costs low. Units have been renovated with updated kitchens and baths, new flooring, fresh paint, and stainless steel appliances. 90%+ occupied and generating a strong 12% cap rate. Property has completed Step 1 of the Pilot Program, with seller working toward full approval with two steps remaining. Don't miss this great investment opportunity!
Listing Agent
Justin Zehel
Keller Williams Paint Creek
Listed on : February 20, 2026
Activity
Days on Market:79
Home Details
Home Type
- ResidentialIncome
Est. Annual Taxes
- $26,473
Year Built
- Built in 1948
Lot Details
- 0.46 Acre Lot
- Lot Dimensions are 20038
Parking
Home Design
Interior Spaces
- 10,590 Sq Ft Home
Kitchen
Flooring
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Laundry
Finished Basement
Home Security
Pool
Outdoor Features
Location
- 18059 Hoover ST
Utilities
- Baseboard, Electric, NaturalGas, OtherHeatingSource, SeparateMeters
- 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