12927 Plymouth Road, Detroit, MI 48227
12927 Plymouth Road, Detroit, MI 48227
12927 Plymouth Road, Detroit, MI 48227
12927 Plymouth Road, Detroit, MI 48227
12927 Plymouth Road, Detroit, MI 48227
12927 Plymouth Road, Detroit, MI 48227
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Mitchell Allen

Mitchell Allen

+1(586) 322-6126
$ 499,000
Est. payment | /mo

10 Baths

4,467 SqFt

Save
$ 499,000
Est. payment | /mo
Save

10 Baths

4,467 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,467 sqft

Price per Sqft $111

Subdivision Mi

MLS Listing ID 60974364

Style 1 Story

Full Baths 10

Year Built 1955

Annual Tax Amount $8,378

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 120X100

Property Sub-Type Multi-Family

Property Description

INVESTORS: Cash-flow from day one with this high-performing 10-unit apartment building at 12927 Plymouth Rd, priced to move at $550,000! Currently fully leased and generating $6,000/month in actual rent, this asset delivers an impressive 8%+ Cap Rate with additional room to grow. This rare deal also includes two adjacent vacant parking lots,12913 Plymouth Rd and 12901 Plymouth Rd ( Fenced parking lot ), offering massive value for tenant parking or future development . The property features a low-maintenance brick exterior and gated courtyard, making it a perfect addition to any portfolio. Tenants pay their own electric bills, including for the electric baseboard heat. Please do not disturb tenants. Buyer and buyer's agent to verify all information; room measurements are approximate. Property is being sold AS-IS. No virtual showings. All buyers must be accompanied by a licensed real estate agent. A signed NDA and POF/Pre-Approval Letter are required to receive the full Rent Roll.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Multi-Family

Interior

Heating Baseboard, Electric Heat

Cooling Wall/Window A/C

Fireplace No

Exterior

Exterior Feature Brick

Building

Story 1 Story

Foundation Slab

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Energy Description Electric

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX Dream Properties

Nearby Locations

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Mitchell Allen
Mitchell Allen

Founder & CEO | Associate Broker | Lic# 6506049428

+1(586) 322-6126

45609 Village Blvd., Shelby, MI, 48315

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12927 Plymouth Road