12927 Plymouth Road
Detroit, MI 48227

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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 is required to receive the full Rent Roll.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48227
• Year Built: 1955
• School District: Detroit
• Basement: Slab
• Lot Size: 12197 sq ft lot
• Basement Type: No
• Construction Materials: Brick
• Cooling: Wall Unit(s)
• Directions: South Of Plymouth, East Of Schaefer
• Gross Income: 72000
• Heat Source: Electric
• Heating: Baseboard
• Lot Size Area: 0.28
• Lot Size Square Feet: 12196.8
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Multi Family
• Parcel Number: W22I004864C9
• Road Frontage: 120
• SEV: 109800
• Street Type: Paved
• Tax Annual Amount: 8378
• Tax Legal Description: S PLYMOUTH 30 THRU 35 COON AVE HGHTS SUB L36 P97 PLATS, W C R 22/576 120 X 100
• Total Approx Sq Ft All Bldgs: 4467
• Total Num Units: 10
• Water Source: Public