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11705 ELMDALE Street

$ 439,000
11705 ELMDALE ST ,
47
Active

Description

REDUCED TO SELL!! OWNER RETIRING!!! GREAT OPPORTUNITY TO CASH IN ON A FULLY REMODELED INCOME GENERATING BRICK 12 UNIT. 100% OCCUPIED WITH SECTION 8 TENANTS. BRAND NEW BOILER. INVESTORS THIS IS A MAGNIFICENT CHANCE TO RECEIVE GUARANTEED MONTHLY INCOME DIRECTLY TO YOUR BANK ACCOUNT. 19% CAP RATE! CASH OFFERS ONLY. OFFER & POF REQUIRED FOR ALL SHOWINGS.HAP CONTRACTS PROVIDED WITH AN ACCEPTED OFFER. ALL MSHDA SEC 8 TENANTS. EXPENSE BREAKDOWN INCLUDED IN DOCUMENTS.
MONTHLY EXPENSES:
$588.58 INSURANCE
$397.96 WATER
$1120.85 DTE
$250 TAXES
Total $2357.39 per month

ABOVE MARKET RENT OF $9430 IN MONTHLY INCOME.

Address: 11705 ELMDALE ST
City:
State/County:
Zip: 48213
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Property Id : 26887
Price: $ 439,000
Bedrooms: 12
Bathrooms: 12
Building size: 0.14 acres
Available Space: 7398 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Common Entry Building
Assessment: 0
Basement Type: Unfinished
Baths Full: 12
Baths Half: 0
CDOM: 65
Construction Materials: Brick
County Or Parish: Wayne
Directions: TAKE CONNER EAST TO ELMDALE. GO NORTH ON ELMDALE TO ARRIVE AT PROPERTY.
Directions From EastWest: E
Directions From EastWest Detail: GRATIOT
Directions From NorthSouth: N
Directions From NorthSouth Detail: CONNER
DOM: 29
Foundation Details: Basement
Foundation Materials: Block
Frontage Feet: 40
Gross Scheduled Income: 113160.00
Heating: Forced Air,Hot Water
Heating Fuel: Natural Gas
Income Projection: Actual
Last Change Type: Price Decrease
List Office Name: Virtual Real Estate Services LLC
List Price By Acre: 3135714.2857
Lock Box Type: Appointment
Living Area Source: Prior Listing
Lot Size Dimensions: 40.00X150.00
MLS: Realcomp II Ltd
MLS Area Major: Det Con-Mors/Grat. Hstn/7 Mack
MLS Area Major Number: 05055
MLS Number: 219112379
Monthly Rental Income: 9430
Number Of Units Leased: 12
Annual Net Income: 84871.32
Number Of Units Total: 12
Original List Price: 450000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W21I007300S
Postal City: Detroit
Postal Code Plus 4: 4600
Property Type: Multifamily
Protection Period: N/A
Pets Allowed: No
Road Frontage Type: Paved,Pub. Sidewalk
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
State Equalized Value: 34600.0000
Street Name: ELMDALE
Street Number: 11705
Street Suffix: Street
Subdivision Name: GRATIOT GARDENS (PLATS)
Sqft Combined: 7398
Sqft Total Bsmt: 1000
Table: Multi Family
Tax Amount Summer: 2611.0000
Tax Amount Winter: 304.0000
Tax Legal Description: N ELMDALE 393 GRATIOT GARDENS SUB L32 P14 PLATS, W C R 21/455 40 X 150
Title: Private - Owned
Total Tax: 2915.0000
Unit Count: 12
Unit Efficiency Number Of: 0
Unit Four Bed Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 12
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 0
Water Source: Municipal Water
Year Built: 1927
Zoning: Commercial
Customer Comment: Yes
Encroachment: No
Existing Lease: Yes
Land Contract: No
Publish Sale Price: Yes
Waterfront: No
Basement: Yes
Down Payment Resource: No
Percent Homestead Exempt: No
Pool: No
IDX provided courtesy of Realcomp II Ltd., via Virtual Real Estate Services LLC and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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