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715 Parker Detroit, MI 48214 2643
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Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,934 sqft
Price per Sqft $151
Subdivision Mi
MLS Listing ID 40059083
Sold Date 11/09/20
Annual Tax Amount $2,723
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 80.00X110.00
Property Description
We are pleased to offer the sale of 715 Parker Street. Located on Parker Street between East Jefferson Avenue and East Lafayette Street in Detroit's highly desirable West Village neighborhood. The property contains a gross square footage of approximately 5,934 SF. The 2-story building has 9 total units, consisting of (5) 1 bedroom units, including a penthouse unit that is 1,296 SF, and (4) studio units. The all brick, Georgian Revival structure was built in 1922 and has the classic historic charm that is present in West Village. Many of the units have been fully renovated in recent years. Each unit has separate HVAC (New 2011), New roof, and electrical 2011. Below market rents allow a future owner to add immediate value. Year 1 Projections: 7.83% Cap.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family
Interior
Heating Forced Air
Exterior
Waterfront No
Building
Foundation Basement
Structure Type Brick
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with O'Connor Realty
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