12
See all 12 photos
$580,000
Est. payment /mo
10 Beds
12 Baths
2,881 SqFt
Pending
12564 Pinehurst Street Detroit, MI 48204
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,881 sqft
Price per Sqft $201
Subdivision Mi
MLS Listing ID 50220846
Style More than 2 Stories
Bedrooms 10
Full Baths 12
Year Built 1927
Annual Tax Amount $8,478
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 4356
Property Sub-Type Multi-Family
Property Description
Excellent investment opportunity featuring a 12-unit income-generating apartment building. 10 of the units are 1 bed 1 bath and 2 of the units are studios. Tenants are responsible for their own electric and gas utilities, while the owner pays for water. Several occupied units have already been renovated with fresh paint and modern flooring. The vacant units may require some updating, and offer an opportunity for an investor to renovate and increase overall rental income. Market rents are estimated at approximately $700–$750 per unit. Land contract terms are available with a $50,000 down payment.
Location
State MI
County Wayne
Area Detroit (82001)
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story More than 2 Stories
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership LLC
SqFt Source Realist
Energy Description Electric
Financing Cash,Conventional,Land Contract
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Elite Real Estate Professionals, Inc.
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