Detroit, MI 48213,5061 LAKEWOOD Street
Detroit, MI 48213,5061 LAKEWOOD Street
Detroit, MI 48213,5061 LAKEWOOD Street
Detroit, MI 48213,5061 LAKEWOOD Street
Detroit, MI 48213,5061 LAKEWOOD Street
Detroit, MI 48213,5061 LAKEWOOD Street
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$ 1,125,000
Est. payment | /mo

20 Beds

17,140 SqFt


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$ 1,125,000
Est. payment | /mo
Save

20 Beds

17,140 SqFt

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 17,140 sqft

Price per Sqft $65

Subdivision Jefferson Park Land Co Ltd No 1 (Plats)

MLS Listing ID 20240036378

Bedrooms 20

Originating Board Realcomp II Ltd

Year Built 1955

Annual Tax Amount $19,876

Lot Size 0.420 Acres

Acres 0.42

Lot Dimensions 140.00 x 130.00

Property Description

!!!!!Projected net profit of 10-12% or $110,000-120,000 after all expenses!!!

Beautifully renovated apartment complex has 20 units. Can be fully rented at closing at the discretion of the buyer. 12 very large 2 bedroom units and 8 comfortable 1 bedroom units. This complex is located in a stable and high demand rental area. Schedule an appointment today. BATVAI. Purchaser to pay a 495 transaction fee at closing.

Location

State MI

County Wayne

Area Det Con-Mors/Grat. Hstn/7 Mack

Zoning Multi-Family,Residential

Direction West of Chalmers North of Warren

Exterior

Road Frontage Paved

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W21I054776C8

Ownership Short Sale - No,Private Owned

Assessment Amount $100

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

Realcomp MLS
Listed by Kenneth F Evans of Reach Realty Group
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5061 LAKEWOOD Street