$900,000 For Sale

3737 Scovel Place
Detroit, MI 48208

20 units | Multi Family Home
6534 sq ft lot - MLS# 24029554
Property Photo
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Description

Great investment opportunity! Newly updated 20 unit occupied apartment building with leases in place in a convenient location. Find your way downtown in less 10 minutes or to midtown in just 5 minutes!The building comes with ample parking in an attached concrete lot directly next to building. The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are 10 one bedroom units and 10 studio units. The majority of all units have newer flooring, paint, and lighting. All unit doors have are equipped steel doors with keyless/digital entry as well as deadbolt locks. All units have their own electric meter along with heating and cooling units. Each unit is separately metered. All tenant pay thier own electric bills. All one bedroom units have new furnaces and AC units. Each studio units have new mini-split systems that have heat and AC. The majority of the plumbing stacks have been replaced. The front door has new hinges and locking mechanism, the back door is an all new steel door. The roof was aluminum seal coated in 2016. The hot water tank was replaced for the entire building in 2016. The entire Building has newer windows. All common areas have new LED light fixtures. A new camera system has been installed throughout the entire building and outside.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family
  • Listing Status: Active
  • County/Area: Wayne County
  • Zip Code: 48208
  • Year Built: 1927
  • School District: Detroit
  • Units: 20 units
  • Basement: Full, Yes, Yes
  • # of Parking Spaces: 12
  • Lot Size: 6534 sq ft lot
  • Construction Materials: Brick
  • Cross Street: S of I96 N of I94
  • Directions: From the I-96 go west on West Grand Blvd, turn south on Scovel Place, the property is one the right side of the street
  • Heat Source: Natural Gas
  • Heat Type: Radiant
  • Heating: Radiant
  • Lot Size Area: 0.15
  • Lot Size Square Feet: 6534
  • Lot Size Units: Acres
  • MLS Area Major: Wayne County - 100
  • MLS Area Minor: Wayne County - 100
  • Main Type: Multi Family
  • Number Of Buildings: 1
  • Number Of Diff Unit Floor Plans: 2
  • Owner Pays: Trash Collection
  • Parcel Number: 12009873.
  • Possession: Subject To Tenant Rights
  • Road Frontage: 20
  • Road Surface Type: Paved
  • Roof: Rubber
  • SEV: 289400
  • Sewer: Public Sewer
  • SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI0MDI5NTU0IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTAzLTI0VDIyOjQyOjM0LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.8y-ekQAZp9yDs2bVql2VaS22hOKbM-mJJukaCLB3oS8/badge
  • Street Type: Paved
  • Tax Annual Amount: 12844
  • Tax Legal Description: S SCOVEL PLACE 5 E 1/2 4 MC LAUGHLINS SUB L22 P53 PLATS, W C R 12/106 45 X 140.18
  • Tax Year: 2023
  • Tenant Pays: Electricity, Gas
  • Terms Available: Cash, Conventional
  • Township: Detroit City
  • Util Availat Street: Natural Gas Available
  • Utilities: Natural Gas Connected, Natural Gas Available
  • Water Access: No
  • Water Source: Public Water
Courtesy of Ryan Heward, Golden Key Real Estate LLC
Source: Michigan Regional Information Center (MichRIC)
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