Detroit, MI 48219,19169 Lahser Road
Detroit, MI 48219,19169 Lahser Road
Detroit, MI 48219,19169 Lahser Road
10
$850,000
$875,000
2.9%
Est.Price: ?

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24 BD
20 BA
15,390 SqFt

19169 Lahser Road Detroit, MI 48219

Est. payment /mo
SOLD DATE : 02/08/2024

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Key Details

Sold Price $850,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 15,390 sqft

Price per Sqft $55

Subdivision Mi

MLS Listing ID 50102676

Sold Date 02/08/24

Style More than 2 Stories

Bedrooms 24

Full Baths 20

Year Built 1971

Annual Tax Amount $10,840

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 14810

Property Description

Great investment opportunity, 13% plus cap rate! Renovated 2.5 story 20-unit brick apartment building with eleven 1-bed 1-bath, six 2-bed 1-bath and 2 studios situated on a 14,810 sf site with good curb appeal. Leases negotiable upside increase to market rents, current occupancy 100%. Boiler and roof updated, parking lot for tenants. Property manager in place or self-manage. Ideal opportunity for cash buyer or bank financing.

Location

State MI

County Wayne

Area Detroit (82001)

Interior

Heating Forced Air

Fireplace No

Building

Story More than 2 Stories

Foundation Basement

Water Public Water

Schools

School District Detroit City School District

Others

Ownership Private

SqFt Source Realist

Energy Description Natural Gas

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by Keller Williams Paint Creek
Bought with Abdoo Realty

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Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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