18041 PELKEY Street Detroit, MI $ 188,700
18041 PELKEY Street
$ 188,700
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18041 PELKEY Street

Detroit, MI, 48205
$ 188,700
Baths0.0 Sq 2,534

Monthly Estimate*

$ 1,130

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Studio

Commercial Property for sale in Detroit, MI

for $188,700. This 2,534 square foot building was built on a lot size of 0.12.

LOCATED 8 MINUTES FROM THE HISTORIC EAST ENGLISH VILLAGE DISTRICT, YOU WILL FIND 18041 PELKEY NESTLED ON A 5,227 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. YOUR APARTMENT COMPLEX CONSISTS OF 3 RECENTLY REMODELED 3 BEDROOM AND 1 BED UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND ONE WITH BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN RENTED WITH 3 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 3613 PAID IN FULL BY THE GOVERNMENT. TENANTS COVER ALL THE UTILITIES WITH ROI OF JUST UNDER 20 PERCNT. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 75 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

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Commercial Active

Price

$ 188,700

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,689

Style

Commercial/Industrial

Lot Size

0.12

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60329888

Features
General
Heating Hot Water
Possession At Close
Water Public Water at Street
Status Active Active
Year Built 19
Subdivision TROMBLEY PK MI
County Wayne
Class COM/IND/BUS OPP
Type Commercial/Industrial
Percent Ownership Private
Municipality Detroit
Zoning Multi-Family
Area Detroit (82001)
Primary City Detroit
Directions Pelkey / Greiner
City Detroit
Financial Terms Cash Conventional
Legal Description W PELKEY S 20 FT 26 N 20 FT 25 TROMBLEY PK SUB L40 P93 PLATS W C R 21/631 40 X 126
DOM 36
Postal Code 48205
Price Per Sq Ft Total AG 74.47
Coming Soon LOCATED 8 MINUTES FROM THE HISTORIC EAST ENGLISH VILLAGE DISTRICT YOU WILL FIND 18041 PELKEY NESTLED ON A 5
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Exterior
Exterior Brick
Frontage 1
Lot Size Area 0.12
Lot Dimensions 40.00 x 126.00
Roads Paved Street
Waterfront Y/N No
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Marta Kopania

Listing Agent

1St Michigan Real Estate

Broker

kopaniamarta@gmail.com

Email

Affordability Calculator

$1,271
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,130
Monthly Property Taxes
$141
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/30/2024$188,700 -5.65% Price Down
8/15/2024$199,990 -20.00% Price Down
8/8/2024$250,000 Listed Price

Map


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18041 PELKEY Street, Detroit, MI, 48205 is a Commercial Property for sale at $188,700 with 2,534 sqft and a lot size of 0.12. 18041 PELKEY Street is a studio with 0.0 baths. The property's zip code is 48205 which is in Detroit, MI