18225 Racho Road Brownstown, MI $ 780,000
18225 Racho Road
$ 780,000
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18225 Racho Road

Brownstown, MI, 48192
$ 780,000
Baths0.0

Monthly Estimate*

$ 5,184

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18225 Racho Road, Brownstown, MI 48192 - Image 13
Studio

Multi-Family Home for sale in Brownstown, MI

for $780,000. This home was built in 1976 on a lot size of 0.74.

Great investment opportunity to buy a FULLY OCCUPIED 8 unit apartment building! 6 two bedroom, 2 one bedroom units. Total rents currently $7272.00 monthly with plenty of room for increase. New roof in 2017, Furnace and AC in 2016, Vinyl windows, Coin operated washer and dryer included for extra added income. Great management company already in place. Must provide proof of funds to kirsten@reservemgmtco.com to request a showing with listing agent. Showing OF 1 OCCUPIED unit scheduled for SATURDAY MAY 18th 2-3 pm BY APPOINTMENT ONLY, WITH LISTING AGENT BATVAI

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Multi-Family Active

Price

$ 780,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 18,184

Style

5+ Units

Lot Size

0.74

Year Built

1976

Town/City

Brownstown

County/Region

Wayne

MLS | Web ID

24024428

Features
General
Sewer Public Sewer
Heating Forced Air Electric Natural Gas
Cooling Central Air
Utilities Cable Available Broadband Available Natural Gas Connected Electric Connected
Possession Close Of Escrow
Roof Composition
Construction Materials Brick
Year Built 1976
Tenant Pays Electric Sewer Gas
Township Brownstown Twp
Property SubType 5+ Units
Tax Year 2023
County Wayne
New Construction N
Property Type Multi-Family
Attached Garage N
Status Active
Directions North of Sibley On Racho Rd South of Pennsylvania Rd
City Brownstown
High School District Woodhaven-Brownstown
NumberOfUnitsTotal 8
MLS Area Wayne County - 100
Lot Size Units Acres
Lot Size Square Feet 32234.0
Waterfront Y/N N
Street Name Racho
Land Lease Y/N N
Tax Annual Amount 18184.0
Lease Renewal Y/N N
MLS Area Minor Wayne County - 100
Additional Parcels Y/N N
Rent Control Y/N N
Days on Market 21
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 286347
Senior Community None
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Interior
Basement Slab
Total Fireplaces 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Road
Laundry Features Common Area
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Paved
Lot Features Wooded
Total Parking 15.0
Lot Size Area 0.74
Number of Buildings 1
Spa N
Lot Dimensions 117x270
Lot Size Acres 0.74
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 18225
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* Excluded Features
List By
Reserve Management Company

Broker

kirsten@reservemgmtco.com

Email

Affordability Calculator

$6,699
Per Month
77%
23%
0%
Monthly Principal & Interest
$5,184
Monthly Property Taxes
$1,515
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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
4492024 Elementary School
4492023 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/3/2024$780,000 -2.50% Price Down
5/16/2024$800,000 Listed Price

Map


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18225 Racho Road, Brownstown, MI, 48192 is a Multi-Family Home for sale at $780,000 with a lot size of 0.74. 18225 Racho Road is a studio with 0.0 baths and was built in 1976. The property's zip code is 48192 which is in Brownstown, MI