1705 Oakman Boulevard

Detroit, Michigan 48238

  • 13 Bed(s)
  • 13 Bath(s)
  • 8,748 Sqft
  • 0.14
    Acre(Lot)
$675,000

Description

Great investment opportunity: 13-unit apartment complex in oakman historical district check out this fantastic 13-unit apartment building in the oakman historical district of detroit. it’s a solid investment with 10 out of the 13 units currently rented, so you’ll start earning right away! taxes $3,800 annually insurance $6,000 annually gas $12,000 annually electric $2,400 annually water $9,600 annually 3 units are vacant unit 2 the building manager lives in and would like to stay, he takes care of the building and grounds in exchange for housing, has been there 20 years. boiler in basement, original plumbing, fixed when needed and well maintained, newer electrical boxes not a government rent controlled building and no tenants are section 8 all units are the same layout, 1 bed 1 bath, some have carpet, some have wood floors. tenants pay electric and cooking gas. windows are 4 years old, roof is under 10 years old located in a charming historic neighborhood with lots of character. this property combines historical appeal with recent upgrades and offers great rental income potential. it’s a smart choice for anyone looking to invest in a growing area!

  • Property Type

    Multifamily

  • Subdivision

    Robt Oakmans Ford Highway And Linwood Sub (plats)

  • County

    Wayne

  • Style

    Common Entry Building

  • AD ID

    48634751

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Property Details

  • Bathroom Information

    • Total Baths: 13
    • Full Baths: 13

    Interior Features

    • Roof : Rubber
    • Basement Description: Unfinished

    Heating & Cooling

    • Heating: Baseboard,Separate Meters
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1927
    • Building Stories: 3 Story
    • Total Units: 13
    • Roof: Rubber
    • Foundation/Basement: Basement
    • Architecture: Common Entry Building

    Exterior Features

    • Construction: Brick

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.14
    • Dimensions: 50.00 x 120.00

    Property Information

    • SQ ft: 8748
    • Subdivision: ROBT OAKMANS FORD HIGHWAY AND LINWOOD SUB (PLATS)
    • Financing: Cash,Contract,Conventional

  • Listing Price Information

    • Original List Price: $675,000

    Listing Information

    • Possession: At Close
    • Legal Description: S OAKMAN BLVD 176 ROBERT OAKMANS FORD HIGHWAY & LINWOOD SUB L35 P59 PLATS, W C R 12/223 50 X 120

  • Tax Information

    • Annual Tax: $2,970
    • Parcel Number: W12I004787S

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: S OAKMAN BLVD 176 ROBERT OAKMANS FORD HIGHWAY & LINWOOD SUB L35 P59 PLATS, W C R 12/223 50 X 120

  • Virtual Tour

    Parking Information

    • Parking: 5

    Multi-Unit Information

    • Road Frontage: Paved

    Unit 1 Information

    • # of Bedrooms: 13

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 02/22/2025 @ 19:59

  • MLS: 623238370
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 13 bedrooms which is for sale, it has 8,748 sqft, 0 sized lot, and 0 parking. A comparable Multifamily, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Detroit , in zip code 48238, this Wayne County Multifamily , it is in the ROBT OAKMANS FORD HIGHWAY AND LINWOOD SUB (PLATS) Subdivision, and are nearby neighborhoods.