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22660 VAN DYKE Avenue

$ 199,900
22660 VAN DYKE AVE ,


BEAUTIFUL STAND ALONE BUILDING & A RENTAL INVESTORS DREAM BUILDING! This 5000+ SQ FT property has 4 units (3 residential and 1 commercial). Building is completely leased out with margin to increase rents. 1 bedroom unit is rented for $350 with long term tenant who’s been there 7+ years ( market value for rent would be 500$) and 2 two bedrooms units with one rented at $550 with a tenant who’s been there 10+ years and a just recently leased 2 bed unit for $650. The lower commercial unit is currently leased to a pharmacy at $1000.00 a month and lease terms are negotiable for that unit. Please inquire for commercial unit lease terms to better understand. CURRENT CAP RATE AT 10.7% with room to grow. SCHEDULE A SHOWING TODAY

Address: 22660 VAN DYKE AVE
Zip: 48089
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Property Id : 25111
Price: $ 199,900
Bedrooms: 2
Building size: 0.09 acres
Available Space: 5250 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Assessment: 0
Building Area Source: Assessor
CDOM: 90
Commercial Type: Apartments,Commercial,Real Estate Only
Construction Materials: Block/Concrete/Masonry
County Or Parish: Macomb
Current Use: MIXED USE
Directions: on van dyke
Directions From EastWest: E
Directions From EastWest Detail: VANDYKE
Directions From NorthSouth: S
Directions From NorthSouth Detail: 9 MILE
DOM: 90
Foundation Details: Basement
Foundation Materials: Poured
Frontage Feet: 5
Gross Scheduled Income: 30600.00
Heating: Central Air,Forced Air
Heating Fuel: Natural Gas
Last Change Type: Price Decrease
List Office Name: Amin Realty
List Price By Acre: 2221111.1111
Lock Box Type: Lock Box
Lot Size Dimensions: 38.00X100.00
MLS: Realcomp II Ltd
MLS Area Major: Warren
MLS Area Major Number: 03131
MLS Number: 219063031
Monthly Sales: 0
Annual Net Income: 25100.00
Number Of Units Total: 3
Operating Expense: 5500.00
Original List Price: 219000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: 1334104001
Percent Leased: 100
Postal City: Warren
Postal Code Plus 4: 2389
Property Type: Commercial
Protection Period: 90 DAYS
Rent Includes: Water/Sewer
Road Frontage Type: Pub. Sidewalk
Room Count: 0
School District: Van Dyke
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
Sqft Main: 3000
Sqft Office: 300
Sqft Source: ASSESORS
State Equalized Value: 51910.0000
Street Name: VAN DYKE
Street Number: 22660
Street Suffix: Avenue
Subdivision Name: PIPER'S 1ST VAN DYKE FARMS
Table: Commercial
Taxable Value: 43480.0000
Tax Amount Summer: 3112.0000
Tax Amount Winter: 69.0000
Title: Private - Owned
Total Tax: 3181.0000
Unit Count: 3
Unit Efficiency Number Of: 1
Unit Two Bed Number Of: 2
Water Source: Municipal Water
Year Built: 1936
Zoning: Commercial,Multi-Family,Multiple,Office
APOD Available: No
Customer Comment: Yes
Encroachment: No
Inventory Included: No
Inventory List: No
Land Contract: No
Legal Rental Certified: Yes
Publish Sale Price: Yes
Restrictions: No
Waterfront: No
IDX provided courtesy of Realcomp II Ltd., via Amin Realty and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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