18625 Schoenherr Street

Detroit, Michigan 48205

  • 0 Bed(s)
  • 8 Bath(s)
  • 5,054 Sqft
  • 0.19
    Acre(Lot)
$800,000

Description

Investor special! exceptional investment opportunity with strong, stabilized rents with a 15% cap rate. this package deal includes an 8-unit apartment building and a 12-unit apartment complex, totaling 20 units. 8-unit complex: features updated windows and newer hvac systems. 12-unit complex: equipped with newer hvac systems. all units: 1-bedroom, 1-bathroom layouts in good condition. heating: no boilers-each unit has a forced-air furnace. ideal for first-time investors! rent rolls and expense reports are available upon request. serious buyers only. seller financing is available-just ask!

  • Property Type

    Multifamily

  • Subdivision

    Schoenherrs Home Sub

  • County

    Wayne

  • Style

    Multifamily

  • AD ID

    49197040

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Property Details

  • Bathroom Information

    • Total Baths: 8
    • Full Baths: 8

    Heating & Cooling

    • Heating: Forced Air,Separate Meters
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1965
    • Building Stories: 2 Story
    • Total Units: 8
    • Foundation/Basement: Basement

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Lot Size: 0.19
    • Dimensions: 65x124x65x124

    Property Information

    • SQ ft: 5054
    • Subdivision: Schoenherrs Home Sub
    • Financing: Cash,Owner May Carry(Purchase Money Mortgage)

  • Listing Price Information

    • Original List Price: $800,000

    Listing Information

    • Possession: At Close
    • Legal Description: W SCHOENHERR 1 SCHOENHERRS HOME SUB L39 P9 PLATS, W C R 21/472 65.94 X 124.50

  • Tax Information

    • Annual Tax: $5,637
    • Parcel Number: 21029807

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: W SCHOENHERR 1 SCHOENHERRS HOME SUB L39 P9 PLATS, W C R 21/472 65.94 X 124.50

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 04/06/2025 @ 05:19

  • MLS: 624882208
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 0 bedrooms which is for sale, it has 5,054 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.