Well kept multi-family investment property. Fully Occupied. priced at 10% capitalization rate. 16 units. 6 are one bedroom and 10 are 2 bedroom units. 3 Buildings. Each building has coin laundry. Tenant pays electric. Boiler heat. 11 space carport. Located near the River Raisin. Minutes from the Downtown Business District.


Property Type: Multi-Family
Level Number: 3
Lot Dimensions: 128 x 201
Sub-Lease: 16
Tax Year: 2018
Listing ID: FSM2WS
MLS ID: 31370304
Style: Multi-Family (5-20 Units)
Building Size: 16,800 SF
Lot Size: 0.6 AC
Available Date: Feb 6th, 2019
Taxes: $15,195
Property Features
Full Bath: 16
Water: City Water
Cooling: Central A/C
Heating - Fuel Type: Gas
Sewer: City
Area Demographics