15101 GREENFIELD Road Detroit, MI ^$ 750,000

15101 GREENFIELD Road

^$ 750,000

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15101 GREENFIELD Road

Detroit, MI, 48227

^$ 750,000

Studio Baths0.0 Sq 8,505

Monthly Estimate*

^$ 5,239

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15101 GREENFIELD Road, Detroit, MI 48227 - Image 8

15101 GREENFIELD Road, Detroit, MI 48227 - Image 9

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Studio

Commercial Property for sale in Detroit, MI

for $750,000. This 8,505 square foot building was built on a lot size of 0.24.

Discover a prime investment opportunity in Detroit with this 33-unit multifamily complex, offering an attractive mix of 1 bedroom, 1 bathroom units. Boasting a 78% occupancy rate, this property generates steady rental income enhanced by an on-site laundry unit. Positioned in a strategic location, it enjoys proximity to urban amenities and transportation hubs. Each unit is designed for modern comfort, ensuring tenant satisfaction and retention. With Detroit's ongoing revitalization efforts, investing in this property promises long-term value and potential returns. Don't miss out on this chance to secure a foothold in Detroit's thriving real estate marketÃ¢â¬âschedule a viewing today!

Commercial Active

Price

^$ 750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 9,300

Style

Commercial/Industrial

Lot Size

0.24

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60289701

Features

General

Heating Baseboard

Possession At Close

Water Public Water

Status Active Active

Year Built 19

Subdivision RUGBY (PLATS) MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Private

Municipality Detroit

Zoning Multi-Family

Area Detroit (82001)

Primary City Detroit

Directions Head north toward W 7 Mile Rd/W Seven Mile Rd Turn left onto W 7 Mile Rd/W Seven Mile Rd Turn left onto Livernois Pass by Burger King Turn right onto Fenkell Ave Pass by Little Caesars Pizza Turn left

City Detroit

Street Name GREENFIELD

Financial Terms Cash Conventional

Legal Description W GREENFIELD W 142.15 FT 4 RUGBY SUB L29 P75 PLATS WCR 22/18 74 X 142.15

DOM 60

Postal Code 48227

Price Per Sq Ft 88.18

Coming Soon Discover a prime investment opportunity in Detroit with this 33-unit multifamily complex offering an attractive mix of 1 bedroom 1 bathroom units. Boasting a 78% occupancy rate

Exterior

Frontage 100

Lot Size Area 0.24

Lot Dimensions 74.00 x 142.00

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Laura Sanchez

Listing Agent

Creative Usa Investment Group Llc

Broker

naz@creativeinvestinggroup.com

Affordability Calculator

$6,014

Per Month

Monthly Principal & Interest: $5,239
Monthly Property Taxes: $775
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$473,955

Percent of Sale Price 37%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/23/2024	$750,000		Listed Price

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15101 GREENFIELD Road, Detroit, MI, 48227 is a Commercial Property for sale at $750,000 with 8,505 sqft and a lot size of 0.24. 15101 GREENFIELD Road is a studio with 0.0 baths. The property's zip code is 48227 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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15101 GREENFIELD Road

Commercial Property for sale in Detroit, MI

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