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503 Alger

Detroit, MI 48202
  • $585,000
  • STATUS: Active Under Contract
  • ON SITE: 211 Days
  • MLS #: 20240008286
Under Contract
$585,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,588
    SQFT
  • $77
    $/SQFT
Neighborhood:
Beamer & Fraers Sub (Plats)
Type:
Commercial
County:
Wayne
Area:
Detroit (82001)

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Description

If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.

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[MiRealSource] logo ©2024 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: 2024-09-08T23:48:14.39.
www.sellsmi.com/homes/147503393
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503 Alger Detroit, MI 48202

  • Price: $585,000
  • Status: Active Under Contract
  • On Site: 211 Days
  • MLS #: 20240008286
0
Beds
0
Baths
0
½ Baths
0.18
Acres
7,588
SQFT
$77
$/SQFT
Neighborhood:
Beamer & Fraers Sub (Plats)
County:
Wayne
Area:
Detroit (82001)
Property Description
If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.
Exterior Features

Exterior Construction Brick Foundation Type Basement Frontage 70 Lot Size 70 x 113 Roads Paved Street Waterfront YN No

Interior Features

Basement YN No Fuel Type Natural Gas Heating System Radiant

Property Features

Assessments Amount 100 Assessments YN Yes Business Type Apartment Bldg Commercial Type Commercial/Industrial Financial Terms CashConventional Lease YN No Municipality Detroit Occupant Adrena Ownership Private SEV 225200 Sewer Septic Public Sanitary Subject To Short Sale Approval No Summer Tax Amount 1772 Taxable Value 21719 Total Tax Amount 1967 Water Public Water Winter Tax Amount 195 Zoning Multi-Family

Listing courtesy of EXP Realty LLC : 888-501-7085.

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 ©2024 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: 2024-09-08T23:48:14.39.
 
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5400 Gateway Center Ste B
Mundy Twp MI, 48507