1701 EVANS ST , Detroit
Description
**Turnkey 8 Unit Apartment Building** Great opportunity for passive income with this 8 unit building, all 2 bedroom units renting for $650/mo ($5200/mo total). Entire building completely renovated and finishing city certs, with features including new windows, HVAC, kitchens and baths, and more! All units are rented, great ROI and easy opportunity to add a great apartment building to your portfolio in up and coming Springwells Village in Southwest Detroit! Walking distance from Rite Aid, Chase Bank, Campbell Detroit Public Library, and a host of popular restaurants. Don’t delay, make this yours! Clean title with warranty deed and title insurance provided at closing!
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Sign InProperty Id : 26330
Price: $ 450,000
Bedrooms: 8
Bathrooms: 8
Building size: 0.13 acres
Available Space: 6848 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Common Entry Building
Assessment: 0
Basement Type: Common,Unfinished
Baths Full: 8
Baths Half: 0
CDOM: 20
Construction Materials: Brick
County Or Parish: Wayne
Directions: I-75 or Fort Street to Springwells to Pershing to Evans
Directions From EastWest: E
Directions From EastWest Detail: Springwells
Directions From NorthSouth: S
Directions From NorthSouth Detail: Vernor Hwy
DOM: 20
Exterior Features: Fenced
Foundation Details: Basement
Foundation Materials: Brick
Frontage Feet: 160
Gross Scheduled Income: 62400.00
Heating: Forced Air
Heating Fuel: Natural Gas
Income Projection: Projected
Last Change Type: New
List Office Name: Downtown Realty
List Price By Acre: 3461538.4615
Lock Box Type: Appointment
Living Area Source: Public Records
Lot Size Dimensions: 50.70X110.00
MLS: Realcomp II Ltd
MLS Area Major: Det South Of Grand River
MLS Area Major Number: 05101
MLS Number: 219096315
MF Parking: On Street
Monthly Rental Income: 5200
Number Of Units Leased: 8
Annual Net Income: 56400.00
Number Of Units Total: 8
Original List Price: 450000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W20I006671S
Postal City: Detroit
Postal Code Plus 4: 1884
Property Type: Multifamily
Protection Period: 90
Pets Allowed: No
Rent Includes: Garbage Pickup,Snow Removal,Water/Sewer,Yard Maintenance
Road Frontage Type: Paved,Pub. Sidewalk
Roof Material: Rubber,Slate
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
State Equalized Value: 25800.0000
Street Name: EVANS
Street Number: 1701
Street Suffix: Street
Subdivision Name: EVANS & FISHERS
Sqft Combined: 6848
Sqft Total Bsmt: 3424
Table: Multi Family
Tax Amount Summer: 2086.0000
Tax Amount Winter: 245.0000
Tax Legal Description: W EVANS 70&69 EVANS AND FISHERS SUB L16 P71 PLATS, W C R 20/290 50.67 X 110
Title: Private - Owned
Total Tax: 2331.0000
Unit Count: 1
Unit Efficiency Number Of: 0
Unit Four Bed Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 0
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 8
Water Heater Fuel: Common,Natural Gas
Water Source: Municipal Water
Year Built: 1919
Zoning: Multi-Family
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
