12927 Plymouth Road, Detroit, MI 48227
12927 Plymouth Road, Detroit, MI 48227
12927 Plymouth Road, Detroit, MI 48227
8
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$499,000
Est. payment /mo
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10 Baths
4,467 SqFt
Price Dropped by $51K

12927 Plymouth Road Detroit, MI 48227

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Misty Grantham

Misty Grantham

+1(419) 490-4476

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,467 sqft

Price per Sqft $111

Subdivision Mi

MLS Listing ID 60974364

Style 1 Story

Full Baths 10

Year Built 1955

Annual Tax Amount $8,378

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 120X100

Property Sub-Type Multi-Family

Property Description

INVESTORS: Cash-flow from day one with this high-performing 10-unit apartment building at 12927 Plymouth Rd, priced to move at $550,000! Currently fully leased and generating $6,000/month in actual rent, this asset delivers an impressive 8%+ Cap Rate with additional room to grow. This rare deal also includes two adjacent vacant parking lots,12913 Plymouth Rd and 12901 Plymouth Rd ( Fenced parking lot ), offering massive value for tenant parking or future development . The property features a low-maintenance brick exterior and gated courtyard, making it a perfect addition to any portfolio. Tenants pay their own electric bills, including for the electric baseboard heat. Please do not disturb tenants. Buyer and buyer's agent to verify all information; room measurements are approximate. Property is being sold AS-IS. No virtual showings. All buyers must be accompanied by a licensed real estate agent. A signed NDA and POF/Pre-Approval Letter are required to receive the full Rent Roll.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Interior

Heating Baseboard, Electric Heat

Cooling Wall/Window A/C

Fireplace No

Exterior

Exterior Feature Brick

Building

Story 1 Story

Foundation Slab

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Electric

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX Dream Properties

NEARBY SCHOOL & BUSINESS

Misty Grantham
Misty Grantham

Agent | License ID: MI: 6501436637 OH: SAL.2023000

+1(419) 490-4476 | mistygrantham@epique.me

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12927 Plymouth Road