Properties for sale in Michigan

Location Property Info

County: Wayne
Street #: 25911
Street Direction: W
Street Name: MICHIGAN AVE
Suffix: Avenue
State: MI
Zip Code: 48184

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.88
Lot Square Footage: 38333
Lot Dimensions: 106/357
Year Built: 1960
Road Frontage: 106
Mineral Rights: No
Total # Units: 32
# Fin Bldg Lvls: 16000
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total SqFt: 16000
Total Net SqFt: 16000
Property Use Type: Investment
Full Baths: 32
Total Baths: 32
Waterfront: No
School District: Inkster
Elementary School: Daly School
Middle School: Tomlinson Middle School
High School: Robichaud Senior High School

Tax Info

Tax ID #: 44020010008020
Taxable Value: 693450
SEV: 69260
For Tax Year: 2024
Seller's Annual Property Tax: 53078
Tax Year: 2024
Non-Conforming Use: No
Zoning: COMMERCIAL
Homestead %: 0
Spec Assessment & Type: No

Income and Expenses

Annual Maint ($): 100000
Annual Prop Ins ($): 11000
Net Operating Income: 172920
Total Actual Rent: 337200
Operating Expense: 159280

Waterfront Options

Water Access Y/N: No

More Information

Location & Property Info

Cross Streets: MICHIGAN/TELEGRAPH
Property Sub-Type: Retail
Area: Wayne County - 100
Municipality: Inkster City
Principal Road: Yes
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 187.5
Prop Avail for Lease?: No
Current Bldg Use: APARTMENT BUILDING

Remarks & Misc

Public Remarks: PROPERTY WAS FULLY REFURBISHED 2018 RECENTLY GONE THROUGH UPDATES IN MANY OF THE APPARTMENTS OCCUPANCY HAS BEEN BROUGHT UP 90% WITH A NUMBER OF SECTION 8 RENTERS IN THE RENT ROLL
Legal: 30A8A11B 12A THAT PART OF LOT 8 SUBDIVISION OF THE NE 1/4 AND E 1/2 OF THE NW 1/4 OF SEC 30 LIBER 1 PAGE 26 DESCRIBED A

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Retail: Yes

Construction Type

Frame/Wood: Yes

Exterior Material

Brick: Yes
Vinyl Siding: Yes

Roofing

Composition: Yes

Heat Source

Electric: Yes
Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Heat Type

Ductless: Yes
Forced Air: Yes

Air Conditioning

Wall Unit(s): Yes
Window Unit(s): Yes

Business Includes

Equipment: Yes
Furniture: Yes
Real Estate: Yes

Foundation

Slab: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes

Driveway

Gravel: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes
Purchase Money Mtg: Yes
Tax Def Exchange: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes
Subject To Tenant Rights: Yes

Property Features

Uses: Retail Ownership: LLC Business Includes: Equipment; Furniture; Real Estate Construction Type: Frame/Wood Exterior Material: Brick; Vinyl Siding Roofing: Composition Foundation: Slab Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available Heat Source: Electric; Natural Gas Heat Type: Ductless; Forced Air Air Conditioning: Wall Unit(s); Window Unit(s) Driveway: Gravel Purchase Terms Avail: Cash; Conventional; Purchase Money Mtg; Tax Def Exchange Sale Conditions: None Possession: Close Of Escrow; Negotiable; Subject To Tenant Rights

25911 W MICHIGAN AVE Avenue, Wayne, MI 48184

Overview

Description

Listing Details MLS# 25047757