15000 GREENFIELD Road Detroit, MI $ 749,900
15000 GREENFIELD Road
$ 749,900
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15000 GREENFIELD Road

Detroit, MI, 48227
$ 749,900
Baths0.0 Sq 7,920

Monthly Estimate*

$ 5,238

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Studio

Commercial Property for sale in Detroit, MI

for $749,900. This 7,920 square foot building was built on a lot size of 0.19.

**RARE OPPORTUNITY** Investors, here is your chance to add a truly turn-key apartment building to your portfolio! The property features 13 units (9 one-bedroom and 4 studio units) with space to add a 14th unit in the basement! 10 of the units are currently occupied and generating $6,275/month in rental income, and would generate $8,500/month when fully occupied. Rents are being raised to $700/month for 1 bedrooms & $550/month for studios on 1/1/2024 and tenants have been notified. The property has been completely rehabbed and features vinyl windows, updated kitchens and bathrooms in the units, PEX plumbing, separately metered electric heating, and much more! The property also has its RENTAL CERTIFICATION, which is valid through 10/21/2025! The fenced parking lot out back is included in the sale. Located in NW Detroit, just outside the Grandmont-Rosedale neighborhood and north of the Grand River corridor. Most of the tenants are long-term, low-maintenance, and want to stay!

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Commercial Active

Price

$ 749,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 13,414

Style

Commercial/Industrial

Lot Size

0.19

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60271591

Features
General
Heating Baseboard
Possession Subject To Tenant Rights
Roof Rubber
Water Public Water Public Water at Street
Status Active Active
Year Built 19
Subdivision AVON PARK SUB (PLATS) MI
Water Heater Gas
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Percent Ownership Private
Municipality Detroit
Zoning Commercial
Commercial Features 220 Volt Power
Area Detroit (82001)
Primary City Detroit
Directions From Fenkell Turn South On Greenfield
City Detroit
Street Name GREENFIELD
Financial Terms Cash Conventional
Legal Description E GREENFIELD 10 EXC GREENFIELD AS WD AVON PARK SUB L30 P98 PLATS W C R 22/77 74 X 109.84A
DOM 162
Postal Code 48227
Price Per Sq Ft 94.68
Coming Soon **RARE OPPORTUNITY** Investors
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Exterior
Exterior Brick
Frontage 74
Lot Size Area 0.19
Lot Dimensions 74.00 x 110.00
Roads Paved Street
Waterfront Y/N No
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Interior
Fuel Type Electric
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* Excluded Features
List By
Ryan Kain

Listing Agent

Re/Max Leading Edge

Broker

r.kainrealtor@gmail.com

Email

Affordability Calculator

$6,356
Per Month
82%
18%
0%
Monthly Principal & Interest
$5,238
Monthly Property Taxes
$1,118
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/14/2023$749,900 Listed Price

Map


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15000 GREENFIELD Road, Detroit, MI, 48227 is a Commercial Property for sale at $749,900 with 7,920 sqft and a lot size of 0.19. 15000 GREENFIELD Road is a studio with 0.0 baths. The property's zip code is 48227 which is in Detroit, MI