Average square foot calculated using Size range provided by listing agent.
Description
Investors do not miss this tremendous value. Located just across the street from Eastern Michigan University. This prime 6 unit apartment building generates over $72, 000 of gross rental income with $12, 200 of expenses. Current insurance $3400 a year. Separate electric for each unit. Seller pays gas, water and waste management totaling $8, 800 a year. Seller has invested over $80, 000 dollars in upgrades over the last 12 months including roof and unit updates. Zero vacancy rate over the years. Step right into a generous positive cashflow with this outstanding investment.Show Description
MLS® Number25038754
Laundry Level
Central VacNo
FireplaceNo
Acreage0.32
Exterior
GarageNo
Approx. Age1870
BasementCrawl Space, Michigan Basement
DrivewayConcrete, Driveway
Garage Spaces
HeatForced Air
A/CWall Unit(s)
Heating Fuel
Extras
Similar Listings
Get notified of price or status changes by saving this listing