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12927 Plymouth

Detroit, MI 48227
  • $499,000
  • STATUS: Active
  • ON SITE: 162 Days
  • MLS #: 20261014273
UPDATED: 228 min ago
$499,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
  • 4,467
    SQFT
  • $112
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

School District:

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.

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[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-15T23:48:27.657.
www.sellsmi.com/homes/173802553
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12927 Plymouth Detroit, MI 48227

  • Price: $499,000
  • Status: Active
  • On Site: 162 Days
  • Updated: 228 min ago
  • MLS #: 20261014273
0
Beds
10
Baths
0
½ Baths
0.28
Acres
4,467
SQFT
$112
$/SQFT
1955
Built
Neighborhood:
Coon Ave Heights Sub
County:
Wayne
Area:
Detroit (82001)
School District:
Detroit City School District
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.
Exterior Features

Exterior Construction Brick Foundation Type Slab Frontage 120 Lot Size 120X100 Roads Paved Street Structure Style 1 Story Styles Ranch Waterfront YN No

Interior Features

Basement YN No Cooling System Wall/Window A/C Fireplace YN No Fuel Type Electric Heating System BaseboardElectric Heat

Property Features

Financial Terms CashConventional For Sale Or Rent For Sale Lease YN Yes Municipality Detroit Municipality Type City Net Operating Income 52000 Ownership Private Property Type Multi-Family SEV 109800 Subject To Short Sale Approval No Summer Tax Amount 7567 Taxable Value 93207 Total Tax Amount 8378 Water Public Water Winter Tax Amount 811 Zoning Multi-Family

Listing courtesy of RE/MAX Dream Properties : 248-374-7700.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-15T23:48:27.657.
 
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