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11705 ELMDALE Street

$ 475,000
11705 ELMDALE ST ,
27
Active

Description

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. 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. ABOVE MARKET RENT OF $9430 IN MONTHLY INCOME.

Address: 11705 ELMDALE ST
City:
State/County:
Zip: 48213
Open In Google Maps
Property Id : 26263
Price: $ 475,000
Bedrooms: 12
Building size: 0.14 acres
Available Space: 7398 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Assessment: 0
Building Area Source: Public Records
CDOM: 29
Commercial Type: Apartments
Construction Materials: Brick
County Or Parish: Wayne
Current Use: Apartment Building
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
Last Change Type: Price Decrease
List Office Name: Virtual Real Estate Services LLC
List Price By Acre: 3392857.1429
Lock Box Type: Appointment
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: 219099268
Monthly Sales: 9430
Annual Net Income: 98069.76
Number Of Units Total: 12
Operating Expense: 15090.24
Original List Price: 500000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W21I007300S
Percent Leased: 100
Postal City: Detroit
Postal Code Plus 4: 4600
Property Type: Commercial
Protection Period: N/A
Rent Includes: Electric,Garbage Pickup,Heat,Water/Sewer
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)
Table: Commercial
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
IDX provided courtesy of Realcomp II Ltd., via Virtual Real Estate Services LLC and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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