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11255 CHARLEMAGNE Street

$ 350,000


PA and Proof of funds required to view property; Showing by appointment.
15 units 12 occupied 70% of tenants over 5 years. Near express ways, public transportation and City of Detroit Ninth Precent is next door neighbor. Great Cash Flow generating over 6K a month in rental revenue. 6 studios , 9 one bedrooms maximum rent $614 per month. Heat and water included, tenant pays electric and cooking gas.

Address: 11255 CHARLEMAGNE ST
Zip: 48213
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Property Id : 24138
Price: $ 350,000
Bedrooms: 9
Building size: 0.12 acres
Available Space: 7182 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Assessment: 0
Building Area Source: Public Records
Business Type: Residential
CDOM: 182
Commercial Type: Apartments
Construction Materials: Brick
County Or Parish: Wayne
Current Use: Apartment Building
Directions: Left on Charlemagne off gratiot
Directions From EastWest: e
Directions From EastWest Detail: outer drive
Directions From NorthSouth: n
Directions From NorthSouth Detail: gratiot
DOM: 182
Foundation Details: Basement
Foundation Materials: Block
Frontage Feet: 48
Gross Scheduled Income: 72000.00
Heating: Hot Water,Steam
Heating Fuel: Natural Gas
Last Change Type: Back On Market
List Office Name: Inner City Property Management
List Price By Acre: 2916666.6667
Lock Box Type: Appointment
Lot Size Dimensions: 48x108x48x108
MLS: Realcomp II Ltd
MLS Area Major: Det 8 To Gratiot/Houston To 7
MLS Area Major Number: 05054
MLS Number: 219049729
Monthly Sales: 6000
Annual Net Income: 57000.00
Number Of Units Total: 15
Operating Expense: 15000.00
Original List Price: 375000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W21I010371S
Percent Leased: 80
Postal City: Detroit
Postal Code Plus 4: 4102
Property Type: Commercial
Protection Period: 180 days
Rent Includes: Garbage Pickup,Heat,Snow Removal,Water/Sewer,Yard Maintenance
Road Frontage Type: Paved,Pub. Sidewalk
Roof Material: Rubber
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer at Street
Short Sale: No
Sqft Main: 7182
Sqft Office: 0
Sqft Source: PRD
State Equalized Value: 25000.0000
Street Number: 11255
Street Suffix: Street
Table: Commercial
Taxable Value: 23796.0000
Tax Amount Summer: 1932.0000
Tax Amount Winter: 226.0000
Tax Legal Description: N CHARLEMAGNE 160 DAVID TROMBLY EST SUB NO 1 L38 P17 PLATS, W C R 21/461 48.72 IRREG
Title: Private - Owned
Total Tax: 2158.0000
Unit Count: 2
Unit Efficiency Number Of: 6
Unit Four Bed Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 9
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 0
Water Heater Fuel: Natural Gas
Water Source: Municipal Water
Year Built: 1926
Zoning: Commercial,Multi-Family,Residential
APOD Available: Yes
Customer Comment: Yes
Encroachment: No
Exclusions: No
Inventory Included: No
Inventory List: No
Land Contract: No
Legal Rental Certified: No
Publish Sale Price: Yes
Restrictions: No
Waterfront: No
IDX provided courtesy of Realcomp II Ltd., via Inner City Property Management and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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