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1665-1673 PAGEL Avenue

$ 374,900
1665-1673 PAGEL AVE ,
104
Active

Description

Well maintained two apartment buildings! 8 units total. Fully occupied and licensed with the city. Two separate buildings, produces good and steady income. 7 one bedroom and 1 two bedroom. Currently at around 10% CAP Rate. Under market rates gives new owner an opportunity to raise them for better returns. Lincoln Park is centrally located in Downriver community, has lots of parks and recreational activities. Detroit River is just a short drive away allows for boating and fishing. Tenants are not aware of sale. Please do not approach or talk to tenants.

Address: 1665-1673 PAGEL AVE
State/County:
Zip: 48146
Open In Google Maps
Property Id : 26404
Price: $ 374,900
Bedrooms: 8
Bathrooms: 8
Building size: 0.30 acres
Available Space: 4600 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Common Entry Building,Quadruplex,Other
Assessment: 0.02
Basement Type: Common,Private Storage Locker,Unfinished
Baths Full: 8
Baths Half: 0
CDOM: 198
Construction Materials: Brick
County Or Parish: Wayne
Cooling: Window Unit(s)
Directions: Fort St between Moran & Champaign Rd Then W (Off Fort) On Pagel
Directions From EastWest: W
Directions From EastWest Detail: Fort
Directions From NorthSouth: N
Directions From NorthSouth Detail: Emmons
DOM: 96
Exterior Features: Fenced,Outside Lighting,Private Entry
Foundation Details: Basement
Foundation Materials: Block
Frontage Feet: 120
Gross Scheduled Income: 54360.00
Heating: Baseboard,Forced Air
Heating Fuel: Natural Gas
Income Projection: Actual
Interior Features: Cable Available,Carbon Monoxide Alarm(s),Laundry Facility
Last Change Type: Back On Market
List Office Name: Home One Realty LLC
List Price By Acre: 1249666.6667
Lock Box Type: Appointment
Living Area Source: Public Records
Lot Size Dimensions: 120.00X108.00
MLS: Realcomp II Ltd
MLS Area Major: Lincoln Park
MLS Area Major Number: 05143
MLS Number: 219102151
MF Parking: Carports,On Street,Paved,Unassigned/General
Monthly Rental Income: 4530
Number Of Units Leased: 8
Annual Net Income: 36946.00
Number Of Units Total: 8
Original List Price: 374900.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: 45016020618301
Postal City: Lincoln Park
Postal Code Plus 4: 3557
Property Type: Multifamily
Protection Period: 180
Pets Allowed: Call
Porch Type: Balcony,Porch
Rent Includes: Snow Removal,Yard Maintenance
Road Frontage Type: Paved
Roof Material: Asphalt
Room Count: 0
School District: Lincoln Park
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
State Equalized Value: 46700.0000
Street Name: PAGEL
Street Number: 1665-1673
Street Suffix: Avenue
Subdivision Name: GARFIELD PARK SUB
Sqft Combined: 4600
Sqft Total Bsmt: 2000
Table: Multi Family
Tax Amount Summer: 5200.0000
Tax Amount Winter: 990.0000
Tax Legal Description: MB618 LOT 618 ALSO N 1/2 ADJ VAC ALLEY GARFIELD PARK SUB PC 48 L36 P96 WCR
Title: Private - Owned
Total Tax: 6190.0000
Unit Count: 2
Unit Efficiency Number Of: 0
Unit Four Bed Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 7
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 1
Waterfront Description: Lake/River Priv,River Access
Waterfront Name: Detroit River
Water Heater Fuel: Electric,Natural Gas
Water Source: Municipal Water
Year Built: 1936
Zoning: Multi-Family
Customer Comment: Yes
Encroachment: No
Exclusions: No
Existing Lease: Yes
Inventory List: No
Land Contract: No
Legal Rental Certified: Yes
Publish Sale Price: Yes
Restrictions: No
Waterfront: No
Zone Conform: Yes
Basement: Yes
Down Payment Resource: No
Percent Homestead Exempt: No
Pool: No
IDX provided courtesy of Realcomp II Ltd., via Home One Realty LLC and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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