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631 MERTON Road

$ 1,750,000


Come one come all! Here is the perfect opportunity to own property in an up and coming part of the city. Presenting the Merton Place Apartments. 28 one bedroom units and 8 two bedroom units available. New roof, newer furnaces and over 1/2 of the apartments have been updated in the last 2 years. Located just a stones throw from Palmer Park and the golf course community. Easy access to Woodward and transportation. Just 15 minutes from downtown and a mere 5 to 10 minutes from the northern suburbs. Most of the units are rented. The vacant ones are in the process of being renovated. This will be a solid investment for any savvy entrepreneur. Properties like this one don’t come available too often over here so call for your appointment today!
24 hour notice to show. All showings must be accompanied by a licensed realtor. No exceptions!

Address: 631 MERTON RD
Zip: 48203
Open In Google Maps
Property Id : 24715
Price: $ 1,750,000
Bedrooms: 36
Bathrooms: 36
Building size: 1.30 acres
Available Space: 26150 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Common Entry Building
Assessment: 100
Basement Type: Common
Baths Full: 36
Baths Half: 0
CDOM: 293
Construction Materials: Brick
County Or Parish: Wayne
Directions: Mcnichols east to Merton go north
Directions From EastWest: w
Directions From EastWest Detail: Woodward
Directions From NorthSouth: n
Directions From NorthSouth Detail: mcnichols
DOM: 293
Foundation Details: Basement
Foundation Materials: Poured
Gross Scheduled Income: 158400.00
Heating: Forced Air,Separate Meters
Heating Fuel: Natural Gas
Income Projection: Actual
Last Change Type: Price Decrease
List Office Name: Real Estate One-Southfield
List Price By Acre: 1346153.8462
Lock Box Type: Appointment
Living Area Source: Public Records
Lot Size Dimensions: irregular
MLS: Realcomp II Ltd
MLS Area Major: Det 6-8 Grfld-Dequindre
MLS Area Major Number: 05041
MLS Number: 218114404
MF Parking: On Street
Monthly Rental Income: 13200
Number Of Units Leased: 33
Annual Net Income: 123722.00
Number Of Units Total: 36
Original List Price: 1800000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W02I002550C5
Postal City: Highland Park
Postal Code Plus 4: 3886
Property Type: Multifamily
Protection Period: 180
Rent Includes: Garbage Pickup,Water/Sewer,Yard Maintenance
Road Frontage Type: Paved,Pub. Sidewalk
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
Sqft Source: prd
State Equalized Value: 192600.0000
Street Name: MERTON
Street Number: 631
Street Suffix: Road
Subdivision Name: MERRILL PALMER (ALSO PG 55 )
Sqft Combined: 26150
Table: Multi Family
Tax Amount Summer: 14250.0000
Tax Amount Winter: 1708.0000
Tax Legal Description: S MERTON 160-148 MERRILL-PALMER SUB L45 P54-5 PLATS, W C R 2/152 457.05 IRREG
Title: Private - Owned
Total Tax: 15958.0000
Unit Count: 2
Unit Efficiency Number Of: 0
Unit One Bed Number Of: 28
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 8
Water Heater Fuel: Natural Gas
Water Source: Municipal Water
Year Built: 1944
Zoning: Multi-Family
Customer Comment: Yes
Encroachment: No
Land Contract: No
Publish Sale Price: Yes
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 Real Estate One-Southfield and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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