13535 E MCNICHOLS Road Detroit, MI ^$ 1,050,000

13535 E MCNICHOLS Road

^$ 1,050,000

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13535 E MCNICHOLS Road

Detroit, MI, 48205

^$ 1,050,000

Studio Baths23.0 Sq 19,000

Monthly Estimate*

^$ 6,979

13535 E MCNICHOLS Road, Detroit, MI 48205 - Image 1

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13535 E MCNICHOLS Road, Detroit, MI 48205 - Image 12

Studio

Multi-Family Home for sale in Detroit, MI

for $1,050,000 with 23 full baths. This 19,000 square foot home was built in 1958 on a lot size of 0.41.

Great Investment Opportunity!!! Well Maintained, Stabilized and Producing 23 unit Apartment Building. Next door - 13521 (7 units) McNichols is also available for sale. Properties are next to each other and might be sold together. Currently producing at a $182000k a year Gross . Current Net income is $134,000 Projected gross income once fully leased $202,000.00 23 - one bedrooms units Landlord pays water, gas, electric. Needs advance notice to show. Do not disturb tenants.

Multi-Family Active

Price

^$ 1,050,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 13,421

Style

Lot Size

0.41

Year Built

1958

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60192983

Features

General

Interior Features Cable/Internet Avail.

Heating Electric Heat Radiant

Possession At Close

Water Public Water

Status Active Active

Full Baths 23

Half Baths 0

Bathrooms 23

Year Built 1958

Parking Unassigned/General

Subdivision MICHAEL GREINER ESTATE (PLATS) MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 133929

Percent Ownership Private

Municipality Detroit

Zoning Multi-Family

Area Detroit (82001)

Primary City Detroit

Directions Off McNichols

City Detroit

School District Detroit City School District

Street Name MCNICHOLS

Financial Terms Cash Conventional

Legal Description N--E MC NICHOLS RD 244&245 AND S 132.99 FT OF S E 1/4 SEC 11 T 1 S R 12 E LYG N & ADJ EXC SCHOENHERR AVE AS OP MICHAEL GREINER ESTATE SUB L41 P67 PLATS W C R 21/611 97.74 IRREG

DOM 460

Postal Code 48205

Price Per Sq Ft Total 55.26

Coming Soon Great Investment Opportunity!!! Well Maintained

Interior

Basement Poured Finished

Fireplace? No

Total Number of Units 23

Fuel Type Electric

Exterior

Exterior Brick

Frontage 0

Lot Size Area 0.41

Lot Dimensions 98.00 x 180.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Dmitriy Selektor

Listing Agent

Exp Realty Llc

Broker

d-selektor@usa.net

Affordability Calculator

$8,097

Per Month

Monthly Principal & Interest: $6,979
Monthly Property Taxes: $1,118
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$224,785

Percent of Sale Price 79%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/31/2024	$1,050,000	-8.70%	Price Down
9/18/2023	$1,150,000	-9.09%	Price Down
8/4/2023	$1,265,000	-23.33%	Price Down
7/6/2023	$1,650,000	-8.33%	Price Down
2/25/2023	$1,800,000		Listed Price

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13535 E MCNICHOLS Road, Detroit, MI, 48205 is a Multi-Family Home for sale at $1,050,000 with 19,000 sqft and a lot size of 0.41. 13535 E MCNICHOLS Road is a studio with 23.0 baths and was built in 1958. The property's zip code is 48205 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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13535 E MCNICHOLS Road

Multi-Family Home for sale in Detroit, MI

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