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8225 Cadillac Avenue

Warren, MI 48089
  • $324,900
  • STATUS: Active
  • ON SITE: 96 Days
  • ID#: 2210070753
UPDATED: 18 min ago
$324,900
  • 0
    BEDS
  • 0.2
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 3,000
    SQFT
  • $108
    $/SQFT
Type:
Multi-Family
Built:
1954
County:
Area:
Zoning:
Commercial
Lot Size Dimensions:
80.00X109.00

School Ratings & Info

School District:

Description

Cashflow Apartment building, income producing FULLY LEASED 8-unit apartment building. Units are studio units with range/oven, refrigerator, ceiling fan and wall hung furnace. New bathroom and kitchen sinks, toilets and vinyl plank flooring (2015). Updated Hot Water Heater Sewer line to street (2008). Vinyl window replacement (2005). City of Warren Rental License good to March 2022. Current Cap Rate 10% Laundry facilities on premises, managed by an outside company, you get a check every month, private parking lot--

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© 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: 2021-12-01T13:58:11.723.
www.alanbrowngroup.com/homes/120828143
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8225 Cadillac Avenue Warren, MI 48089

  • Price: $324,900
  • Status: Active
  • On Site: 96 Days
  • Updated: 18 min ago
  • ID#: 2210070753
0
Beds
8
Baths
0
½ Baths
0.2
Acres
3,000
SQFT
$108
$/SQFT
1954
Built
Neighborhood:
Piper's 1St Van Dyke Farms
County:
Macomb
Area:
Warren
School District:
VAN DYKE
Property Description
Cashflow Apartment building, income producing FULLY LEASED 8-unit apartment building. Units are studio units with range/oven, refrigerator, ceiling fan and wall hung furnace. New bathroom and kitchen sinks, toilets and vinyl plank flooring (2015). Updated Hot Water Heater Sewer line to street (2008). Vinyl window replacement (2005). City of Warren Rental License good to March 2022. Current Cap Rate 10% Laundry facilities on premises, managed by an outside company, you get a check every month, private parking lot--
Exterior Features

Architecture Level 1 Story Architecture Style Art DecoRanch Construction Materials AluminumBlock/Concrete/MasonryBrickBrick Siding Exterior Features Awning/Overhang(S)Fenced Foundation Details Slab Foundation Materials BlockBrick Lot Size Dimensions 80.00X109.00 Multifamily Parking PavedUnassigned/General Parking Total 10 Pool YN No Porch Type PatioPorch - Covered Road Frontage Feet 80 Road Frontage Type PavedPub. Sidewalk Roof Material Asphalt Waterfront YN No

Interior Features

Basement YN No Baths Total 8.00 Cooling Ceiling Fan(S)Wall Unit(S) Heating Hot Water Heating Fuel Natural Gas Interior Features Cable Available Living Area Source Estimated Room Count 0 Sq Ft Combined 3000 Unit Efficiency Number Of 8 Unit Four Bed Number Of 0 Unit One Bed Number Of 0 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Natural Gas

Property Features

Assessment 0 Deposit Amount 200000.00 Down Payment Resource YN No Encroachment YN No Exclusions YN No Existing Lease YN Yes Gross Scheduled Income 45900.00 Income Projection Actual Inventory List YN No Land Contract YN Yes Land Interest Rate 8 Land Payment 2000 Land Terms 60 Legal Rental Certified YN Yes Listing Financing CashConventionalLand Contract Monthly Rental Income 3825 Net Operating Income 33000.00 Number Of Units Leased 8 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Pets Allowed No Postal City Warren Protection Period 120 Rent Includes ElectricGarbage PickupHeatSnow RemovalWater/SewerYard Maintenance Restrictions YN Yes Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 5147.0000 Tax Amount Winter 118.0000 Title Private - Owned Total Tax 5265.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 8225 CADILLAC AVE Water Source Municipal Water Year Remodeled 2017 Zone Conform YN Yes Zoning Commercial

IDX provided courtesy of Realcomp II Ltd., via Keller Williams Realty Central 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: 2021-12-01T13:58:11.723.
 
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