Redford Twp, MI 48239,24311 PLYMOUTH Road
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$ 950,000
Est. payment | /mo

4 Beds

17 Baths

4,600 SqFt


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$ 950,000
Est. payment | /mo
Save

4 Beds

17 Baths

4,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 4,600 sqft

Price per Sqft $206

Subdivision Dunning Park Sub

MLS Listing ID 20240078562

Style Other

Bedrooms 4

Full Baths 17

Originating Board Realcomp II Ltd

Year Built 1948

Annual Tax Amount $6,027

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 40.00 x 139.00

Property Description

This 17 Unit apartment building in Redford MI has had lots of recent updates, but still has tons of potential to add even more value!

Snapshot:
-17 Units, 16 occupied, 1 vacant (studio)
-4 1 bed/1 bath, and 13 studios
-1 building with 6 units, 3 single family, 1 unit cottages and 4 duplexes
-1/2 acre lot
-6,800 SQ Large parking lot paved thats is in good condition
-Owner pays all utilities, trash and lawn

Heating: Single gas furnace in 6-unit apartment building and gas wall furnace in other units.

Cooling: Air conditioner in the main building, tenant optional window units in others.

Current owners have renovated 13 of 17 units with new LVP flooring, kitchens, baths, paint, lights, doors, appliances and trim. Exteriors have been repainted in 2023, roofs replaced on 5 of 8 buildings in 2023. New furnaces in units 9 and 10. New hot water tanks in units 1, 12, 14, 15, 16, 17, and 18. Electrical was updated in 2023 with GFCI. Exterior landscaping refreshed and trees removed in 2023. Parking lot seal coated and striped in 2023. New concrete walks in 2022.

All financial information attached as pdf, including additional photos.

Property is zoned commercial, the city allowed the property to be rent certified. This property is licensed as a rental with the city of Redford. We are looking for experienced multi-family investors for this property.

Location

State MI

County Wayne

Area Redford Twp

Zoning Multi-Family

Direction From 96, take the exit S onto Beach Daly Rd, Turn East on Plymouth Rd, the property is on your right at the corner of Plymouth Rd & Wormer Ave.

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Roof Type Asphalt

Road Frontage Paved

Garage no

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Other

Level or Stories 2 Story

Structure Type Vinyl

Schools

School District South Redford

Others

Pets Allowed No

Tax ID 79045010327000

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Rebuilt Year 2024

Listing Terms Cash, Conventional

Financing Cash,Conventional

Realcomp MLS
Listed by Brendan Rosenbergh of Clubhouse Realty LLC
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24311 PLYMOUTH Road