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19169 Lahser Road Detroit, MI 48219
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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
Exterior
Waterfront 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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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Abdoo Realty
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