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8225 CADILLAC AVE

$ 274,900
8225 CADILLAC AVE,
62
Active

Description

Great Investment Opportunity for this income producing FULLY LEASED 8-unit apartment building. Units are studio units with range/oven, refrigerator, ceiling fan and wall hung furnace. New bathroom and kitchen sinks, toilets and vinyl plank flooring (2015). Hot Water Heater (2012). Sewer line to street (2008). Vinyl window replacement (2005). City of Warren Rental License good to March 2020. Current Cap Rate 11.21%

Address: 8225 CADILLAC AVE
City:
State/County:
Zip: 48089
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Property Id : 26384
Price: $ 274,900
Bathrooms: 8
Building size: 0.20 acres
Available Space: 2769 sq.ft.
Architecture Level: 1 Story
Architecture Style: Ranch
Assessment: no
Baths Full: 8
Baths Half: 0
Construction Materials: Brick
County Or Parish: Macomb
Cooling: Ceiling Fan(s)
Deposit Amount: 0.00
Directions From EastWest Detail: SOUTH OF 9 MILE
Directions From NorthSouth Detail: East of Van Dyke
DOM: 14
Foundation Details: Slab
Frontage Feet: 80
Heating: Other
Last Change Type: Back On Market
List Office Name: Coldwell Banker Weir Manuel-Macomb
Living Area Source: Public Records
Lot Size Dimensions: 80x109
MLS: MiRealSource
MLS Area Major: Warren
MLS Area Major Number: 03131
MLS Number: 58031395995
MF Parking: Other
Annual Net Income: 30060.00
Number Of Units Total: 8
Operating Expense: 15660.00
Original List Price: 274900.00
Parcel Number: 1334108016
Postal City: Warren
Property Type: Multifamily
School District: Van Dyke
Sewer: Sewer-Sanitary
Short Sale: No
Sqft Source: Public Rec
State Equalized Value: 7020.0000
Street Name: CADILLAC AVE
Street Number: 8225
Subdivision Name: PIPERSFIRST VANDYKE FARMS
Sqft Combined: 2769
Table: Multi Family
Tax Amount Summer: 126.0000
Tax Amount Winter: 5111.0000
Tax Legal Description: Piper's First Van Dyke Farms Subdivision Lot 121 L.3 P.93
Title: Private - Owned
Total Tax: 5237.0000
Unit Count: 6
Unit One Bed Number Of: 0
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 0
Water Source: Municipal Water
Year Built: 1954
Zoning: Residential
Customer Comment: Yes
Exclusions: No
Land Contract: No
Publish Sale Price: Yes
Waterfront: No
Basement: No
Garage: No
Homestead: No
IDX provided courtesy of Realcomp II Ltd., via Coldwell Banker Weir Manuel-Macomb and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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