12564 Pinehurst StreetDetroit, MI 48204
$580,000
Listing courtesy of Elite Real Estate Professionals, Inc.
10
Beds
12
Baths
2,881
Sqft
About
This Home
Excellent investment opportunity featuring a 12-unit income-generating apartment building. 10 of the units are 1 bed 1 bath and 2 of the units are studios. Tenants are responsible for their own electric and gas utilities, while the owner pays for water. Several occupied units have already been renovated with fresh paint and modern flooring. The vacant units may require some updating, and offer an opportunity for an investor to renovate and increase overall rental income. Market rents are estimated at approximately $700"“$750 per unit. Land contract terms are available with a $50,000 down payment.
Details
- Property Type
- Residential Income
- Style
- Multi Family
- Year Built
- 1927
- Lot Size
- 0.1 acres
- Garage Spaces
- 0
- Heating
- Electric, Forced Air, Separate Meters
- Cooling
- None
- Annual Taxes
- $8,478
- MLS #
- 5050220846
About Detroit
Michigan's largest city, with a revitalized downtown and riverfront, the Midtown cultural district and historic neighborhoods like Indian Village and Boston-Edison. Home styles range from grand early-1900s homes to lofts and new construction.
Gallery
Listing courtesy of Elite Real Estate Professionals, Inc.. MLS # 5050220846. Information is deemed reliable but not guaranteed and should be independently verified.
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