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USAMIDetroitTrombley Park18037 Pelkey St
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$700,000

18037 Pelkey St, Detroit, MI

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Real Estate Only
Levels Commercial Sale
Size 5364 sqft
Garage No
Maintenance Fees 
Taxes $22,438
Days Active 0
Approx. Age 1929
Avg. Price Per Sqft $130
MLS® Number 20251008703

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Located 8 minutes from the infamous east english village district, you will find 18037 pelkey nestled on a 5, 364 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 10 recently remodeled 1 bed room 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 brand new carpet with top of the line underlayment. 10 of the 10 units are leased to section 8 tenants and the monthly dividends are just under $10, 000 per month. The tenants pay all utilities, which allows this complex to maintain a near 20% cash on cash return. Property taxes have been reduced to roughly $100 per month. This diamond will be wrapped around a lucky owner's finger soon! No showings without accepted full list offer.Show Description
MLS® Number20251008703
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1929
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard, Electric, Hot Water
A/C
Heating Fuel

Extras

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