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12927 Plymouth Road

Detroit, MI 48227
  • $424,900
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: 2210095211
UPDATED: 88 min ago
$424,900
  • 0
    BEDS
  • 0.28
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
  • 4,467
    SQFT
  • $95
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:
Zoning:
Multi-Family
Lot Size Dimensions:
120.00X100.00

School Ratings & Info

School District:

Description

**INVESTORS** This 10 unit apartment building is fully leased and performing at an impressive 8% cap rate! The property features 1 bedroom apartment units with a courtyard between the units. The exterior of the building is well-cared for and in good condition! There is also room to raise the rents for an improved cap rate. The property features a low-maintenance brick exterior, mostly vinyl windows, a gated courtyard, and plenty of street parking! Add this to your portfolio today! The interior photos are from Unit #10 prior to the current tenant moving in. Tenants pay their own electric bills, including for the electric baseboard heat.

Monthly Payment Calculator



© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-11-29T11:59:03.277.
www.alanbrowngroup.com/homes/123314714
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12927 Plymouth Road Detroit, MI 48227

  • Price: $424,900
  • Status: Active
  • On Site: 13 Days
  • Updated: 88 min ago
  • ID#: 2210095211
0
Beds
10
Baths
0
½ Baths
0.28
Acres
4,467
SQFT
$95
$/SQFT
1955
Built
Neighborhood:
Coon Avenue Heights Sub
County:
Wayne
Area:
Det 6-tire - Grnfld - Livernois
School District:
DETROIT
Property Description
**INVESTORS** This 10 unit apartment building is fully leased and performing at an impressive 8% cap rate! The property features 1 bedroom apartment units with a courtyard between the units. The exterior of the building is well-cared for and in good condition! There is also room to raise the rents for an improved cap rate. The property features a low-maintenance brick exterior, mostly vinyl windows, a gated courtyard, and plenty of street parking! Add this to your portfolio today! The interior photos are from Unit #10 prior to the current tenant moving in. Tenants pay their own electric bills, including for the electric baseboard heat.
Exterior Features

Architecture Level 1 Story Architecture Style Ranch Construction Materials Brick Foundation Details Slab Foundation Materials Poured Lot Size Dimensions 120.00X100.00 Multifamily Parking On StreetUnassigned/GeneralOther Pool YN No Road Frontage Feet 120 Road Frontage Type PavedPub. Sidewalk Roof Material Asphalt Waterfront YN No

Interior Features

Basement YN No Baths Total 10.00 Heating Baseboard Heating Fuel Electric Living Area Source Public Records Room Count 0 Sq Ft Combined 4467 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 10 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Assessment 700 Down Payment Resource YN No Encroachment YN Yes Exclusions YN No Existing Lease YN Yes Gross Scheduled Income 52980.00 Income Projection Actual Inventory List YN No Land Contract YN No Legal Rental Certified YN No Listing Financing CashConventionalWarranty Deed Monthly Rental Income 4415 Net Operating Income 37086.00 Number Of Units Leased 10 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Pets Allowed No Postal City Detroit Protection Period 3 Months Rent Includes Water/SewerYard MaintenanceOther Restrictions YN No Settlement City Sewer Sewer At StreetSewer-Sanitary Short Sale No Tax Amount Summer 3732.0000 Tax Amount Winter 364.0000 Title Private - Owned Total Tax 4096.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 12927 PLYMOUTH RD Water Source Municipal WaterWater At Street Zone Conform YN Yes Zoning Multi-Family

IDX provided courtesy of Realcomp II Ltd., via Re/Max Leading Edge and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-11-29T11:59:03.277.
 
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Alan Brown Group
70 West Long Lake Rd
Troy MI, 48098