Detroit, MI 48214 2643,715 Parker
Detroit, MI 48214 2643,715 Parker
Detroit, MI 48214 2643,715 Parker
23
$900,000
$995,000
9.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

5,934 SqFt

715 Parker Detroit, MI 48214 2643

Est. payment /mo
SOLD DATE : 11/09/2020

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

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

Read Less


MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by O'Connor Realty
Bought with O'Connor Realty

GET MORE INFORMATION

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.