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 in 1962 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

Lot Size

0.19

Year Built

1962

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230096345

Features
Interior
Heating Fuel Electric
Street Suffix Road
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General
Sewer Public Sewer (Sewer-Sanitary) Sewer at Street
Heating Baseboard
Possession Subject To Tenant Rights
Zoning Commercial
Year Built 1962
Property Type Commercial
Subdivision Name AVON PARK SUB (PLATS)
Transaction Type Sale
Status Active
Short Sale No
Construction Materials Brick
Cumulative Days on Market 161
MLS Area Det 6-Tire - Grnfld - Livernois
Directions From Fenkell Turn South On Greenfield
City Detroit
Terms Offered Cash Contract Conventional Warranty Deed
School District Detroit
Land Contract 1
Ownership Status Short Sale - No Private Owned
Street Name GREENFIELD
Assessment 100.00
Total Sq Ft 7920
DOM 161
Taxes 13414.0000
Legal Description E GREENFIELD 10 EXC GREENFIELD AS WD AVON PARK SUB L30 P98 PLATS W C R 22/77 74 X 109.84A
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Exterior
Waterfront 0
Lot Size Area 0.19
Water Source Public (Municipal) Water at Street
Foundation Basement
Lot Size Dimensions 74.00 x 110.00
Roof Material Rubber
Architecture Level 2 Story
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Ryan E Kain

Listing Agent

Re/Max Leading Edge

Broker

(313) 277-7777

Phone

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
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/13/2023$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 and was built in 1962. The property's zip code is 48227 which is in Detroit, MI