2382 CANIFF ST Hamtramck, MI 48212

$349,900
2382 CANIFF ST, Hamtramck, MI 48212
218070406

Commercial Property for sale in Hamtramck, MI

for $349,900. This 4,600 square foot building was built in 1915 on a lot size of 0.07 Acre(s).

Property Information

  • $349,900
  • Commercial
  • 4,600 Square Feet
  • Taxes are $1,504
  • Apartment
  • Active
  • Lot size of 0.07 Acre(s)
  • Built in 1915
  • Hamtramck, MI
  • Hamtramck Neighborhood
  • Wayne County
  • MLS/Web ID is 218070406
  • Price Reduced

 Virtual Tour

Description

THIS PROPERTY IS ONE OF A KIND IN HAMTRAMCK! This 15 unit rental apartment has endless opportunity and is a CASH COW! Currently 13/15 units are occupied bringing in $4550 a month this very moment. Current cap rate is at 14.5% with potential to increase after units are more stabilized. BUY AND SIT BACK! Conveniently located on a main road just to the left of a public library and across from the fire department. DON'T MISS OUT. INVESTORS SPECIAL!! Current owner has been managing and maintaining himself for 18 YEARS! NOW ITS YOUR TURN! CALL AND SCHEDULE YOUR SHOWING TODAY!(12 single bedroom units are dorm-style one bedrooms with a shared bathroom and shower. EACH BEDROOM DOES NOT HAVE OWN BATHROOM)VIRTUAL TOUR AVAILABLE UPON REQUEST. Current Use: rental units, Lot Dimensions: 30.00X100.00

Interior 2

Heating Source

  • Electric
  • Natural Gas

Heating System

  • Baseboard
  • Forced Air

Exterior 4

Construction

  • Brick

Foundation

  • Basement
  • Poured

Land Improvements

  • Sidewalks

Zoning

  • Commercial
  • Residential

Miscellaneous 1

Acceptable Finance

  • Cash
  • Conventional

† Excluded Feature

Additional Info

<p><img src="https://images.weichert.com/mlslogoimages/rc_sml.gif" style="float:left;" alt=""/> Provided through IDX through Realcomp II Ltd. Courtesy of WEICHERT, REALTORS®” “Copyright 2014 Realcomp II Ltd. Shareholders</p> <p>&copy; 2018 Realcomp Ltd. All rights reserved.</p>

Neighborhood & Schools

School District: Hamtramck

 See complete school information

Listed By

Listing Agent: Nabil M Syed
Broker: AMIN REALTY

2382 CANIFF ST , Hamtramck, MI, 48212 is a Commercial Property for sale at $349,900 with 4,600 sqft and a lot size of 0.07 Acre(s). 2382 CANIFF ST has 0.0 baths and was built in 1915. The property's zip code is 48212 which is in Hamtramck, MI

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Pricing History

Date Price Price Change Description
8/15/2018 $349,900 -7.90 % Price Change
7/25/2018 $379,900 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Hamtramck $174,247 50 % below $145,450 58 % below
Commerical listings in Hamtramck $305,225 13 % below $348,950 0 % below

Get the facts about Hamtramck, MI!

Population 22,141
Population Growth (since 2000) -4 %
Median Income $26,402
Median Age 30.87
Households w/ Children 38 %

Residential Dwellings

  • Owned 3467
  • Vacant 1492
  • Rented 3499

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