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1556 W Grand Boulevard

$ 849,000
1556 W Grand Boulevard ,
52
Active

Description

Investors this 16 Unit apartment building has 11 one bedrooms, 3 Studios, 1 two bedroom, and 1 three bedroom. 100% of the units are occupied and rented. Perfect opportunity for consistent cash flow. This property is apart of a three property package deal which includes this building , 1566 W Grand Boulevard, and 1548 W Grand Boulevard. Properties are not being sold separately. The properties are located directly next to each other. BATVAI

Address: 1556 W Grand Boulevard
City:
State/County:
Zip: 48208
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Property Id : 27524
Price: $ 849,000
Bedrooms: 13
Building size: 0.00 acres
Available Space: 9256 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Building Area Source: Public Records
CDOM: 71
Commercial Type: Apartments
Construction Materials: Brick
County Or Parish: Wayne
Current Use: Apartments
Directions: North of Warren Rd West of Grandriver
Directions From EastWest: W
Directions From EastWest Detail: Grandriver
Directions From NorthSouth: N
Directions From NorthSouth Detail: Warren Rd
DOM: 71
Foundation Details: Basement
Foundation Materials: Block
Frontage Feet: 45
Gross Scheduled Income: 87000.00
Heating: Wall/Floor Furnace
Heating Fuel: Natural Gas
Last Change Type: Price Decrease
List Office Name: Front Page Properties
Lock Box Type: Appointment
Lot Size Dimensions: 45.00X179.31
MLS: Realcomp II Ltd
MLS Area Major: Det South Of Grand River
MLS Area Major Number: 05101
MLS Number: 219124190
Monthly Sales: 7250
Annual Net Income: 69000.00
Number Of Units Total: 16
Operating Expense: 18000.00
Original List Price: 850000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W14I008004S
Percent Leased: 100
Postal City: Detroit
Property Type: Commercial
Protection Period: 180
Road Frontage Type: Pub. Sidewalk
Roof Material: Asphalt
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
State Equalized Value: 79500.0000
Street Name: W Grand Boulevard
Street Number: 1556
Table: Commercial
Tax Amount Summer: 2819.0000
Tax Amount Winter: 338.0000
Tax Legal Description: E GRD BLVD W N 35 FT 23 S 10 FT 22 BLK 14 BELA HUBBARDS SUB L13 P5 PLATS, W C R 14/76 45 X 179.31A
Title: Private - Owned
Total Tax: 3157.0000
Unit Count: 4
Unit Efficiency Number Of: 3
Unit Four Bed Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 11
Unit Three Bed Number Of: 1
Unit Two Bed Number Of: 1
Water Source: Municipal Water
Year Built: 1922
Zoning: Commercial
Customer Comment: Yes
Encroachment: No
Existing Lease: No
Land Contract: No
Legal Rental Certified: Yes
Publish Sale Price: Yes
Restrictions: No
Waterfront: No
IDX provided courtesy of Realcomp II Ltd., via Front Page Properties and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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