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13220-13264 Leroy Street Southgate, MI 48195 1634
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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,086 sqft
Price per Sqft $103
MLS Listing ID 60194568
Sold Date 03/23/23
Style 1 Story
Full Baths 16
Year Built 1968
Annual Tax Amount $19,528
Lot Size 1.190 Acres
Acres 1.19
Lot Dimensions 236X219
Property Sub-Type Multi-Family
Property Description
Awesome Investment Opportunity. Note: Both parcels have been combined into this listing. A total of 16 units (1-two bedroom & 15 1-bedroom), 2 buildings, great location and well maintained with current annual gross income of $121k. Both buildings are brick and mostly maintenance free. Crawl space under one building and the other building is on a slab. All 16 units have been consistently rented over the years of ownership. The roofs on both buildings are around 10 years old. Total of 4 - 75 gallon HWT's. All apartments are furnished with a refrigerator, stove, furnace and built-in wall A/C. All tenants on separate meters for gas/electric and the owner pays the water. All tenants on a MTM 90-days after move-in date. No pets or smoking allowed. All units have front/rear private entrances. A total of 35 parking spots (each tenant has 2 spots) with additional parking on Leroy St.
Location
State MI
County Wayne
Area Southgate (82146)
Zoning Commercial
Rooms
Basement Poured
Interior
Interior Features Cable/Internet Avail., DSL Available
Heating Forced Air
Cooling Ceiling Fan(s), Window Unit(s)
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 1 Story
Foundation Crawl, Slab
Water Public Water
Structure Type Brick
Schools
School District Southgate Community School District
Others
Ownership Private
Assessment Amount $589
Energy Description Natural Gas
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with LPS