Great Investment Opportunity: 13-Unit Apartment Complex in Oakman Historical District Check out this fantastic 13-unit apartment building in the Oakman Historical District of Detroit. Its a solid investment with 10 out of the 13 units currently rented, so youll start earning right away! Taxes $3, 800 annually Insurance $6, 000 annually Gas $12, 000 annually Electric $2, 400 Annually Water $9, 600 annually Units 1, 7, 3, 10 are vacant Unit 2 the building manager lives in and would like to stay, he takes care of the building and grounds in exchange for housing, has been there 20 years units 6 and 13 pay $600 monthly remaining units pay $500 monthly Boiler in basement, original plumbing, fixed when needed and well maintained, newer electrical boxes Not a government rent controlled building and no tenants are section 8 All units are the same layout, 1 bed 1 bath, some have carpet, some have wood floors. Tenants pay electric and cooking gas.
Extra Information for 1705 Oakman Blvd Detroit, MI
- Seller Type:
- Category: Single-Family Houses
- Conditions: Resale
- Amenities: Wood Floors
- Listed Date: Oct 31, 2024
