$950,000
24311 PLYMOUTH Road Redford, MI 48239
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$950,000
Est. payment /mo
17 BA
5,662 Sqft Lot
Price Dropped by $45K
24311 PLYMOUTH Road Redford, MI 48239
UPDATED:
11/04/2024 03:48 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Redford Twp
Subdivision Redford Twp
MLS Listing ID 20240078562
Originating Board Realcomp
Year Built 1948
Annual Tax Amount $6,027
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 40.00 x 139.00
Property Description
This 17 Unit apartment building in Redford MI has had lots of recent updates, but still has tons of potential to add even more value! Snapshot: -17 Units, 16 occupied, 1 vacant (studio)-4 1 bed/1 bath, and 13 studios -1 building with 6 units, 3 single family, 1 unit cottages and 4 duplexes -1/2 acre lot -6,800 SQ Large parking lot paved thats is in good condition -Owner pays all utilities, trash and lawnHeating: Single gas furnace in 6-unit apartment building and gas wall furnace in other units.Cooling: Air conditioner in the main building, tenant optional window units in others. Current owners have renovated 13 of 17 units with new LVP flooring, kitchens, baths, paint, lights, doors, appliances and trim. Exteriors have been repainted in 2023, roofs replaced on 5 of 8 buildings in 2023. New furnaces in units 9 and 10. New hot water tanks in units 1, 12, 14, 15, 16, 17, and 18. Electrical was updated in 2023 with GFCI. Exterior landscaping refreshed and trees removed in 2023. Parking lot seal coated and striped in 2023. New concrete walks in 2022.All financial information attached as pdf, including additional photos.Property is zoned commercial, the city allowed the property to be rent certified. This property is licensed as a rental with the city of Redford. We are looking for experienced multi-family investors for this property.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family
Direction From 96, take the exit S onto Beach Daly Rd, Turn East on Plymouth Rd, the property is on your right at the corner of Plymouth Rd & Wormer Ave.
Rooms
Basement Slab
Interior
Heating Forced Air
Exterior
Waterfront No
View Y/N No
Building
Sewer Public
Water Public
Structure Type Vinyl Siding
Others
Tax ID 79045010327000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Clubhouse Realty LLC
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