16940 Log Cabin Street
Highland Park, MI 48203

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Description

13-Unit Apartment Building - Turnkey Investment Opportunity - One-bedroom units, many featuring original hardwood floors. Newer roof and boiler, current Certificate of Compliance. Coin operated laundry in basement.Tenants enjoy secure gated parking, well-kept common areas, and a spacious green lot for added outdoor space. Ideally located near public transit. Less than 10 minutes to Downtown, Ferndale, and the 8 Mile/Woodward corridor—home to major retailers, gyms, restaurants, and grocery stores. This is a smart, low-maintenance asset ready to perform, with additional upside. Comes with adjacent two car garage for storage or parking. Detroit property with Highland Park mailing address. Ideal for the city of Detroit PILOT program (payment in lieu of taxes) to reduce tax bill and create workforce housing. This listing includes additional parcels 16920 Log Cabin #08009542 and 16930 Log Cabin #08009543. ** Do not disturb tenants**

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48203
• Year Built: 1923
• School District: Detroit
• Basement: Yes
• Lot Size: 15246 sq ft lot
• Construction Materials: Brick
• Directions: W of Hamilton Avenue. / S of W. McNichols Road
• Extras: Laundry Facility
• Gross Income: 134476
• Heat Source: Natural Gas
• Heating: Hot Water
• Lot Size Area: 0.35
• Lot Size Square Feet: 15246
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Parcel Number: 08009544
• Road Frontage: 250
• SEV: 318800
• Street Type: Paved
• Tax Annual Amount: 53822
• Tax Legal Description: E LOG CABIN 63&64 LOG CABIN HEIGHTS SUB L31 P52 PLATS, W C R 8/171 59.22 X 100
• Total Approx Sq Ft All Bldgs: 8676
• Total Num Units: 13
• Water Source: Public