14800 E Vernor, Detroit, MI 48215

$595,000
9
BA
6,600
SqFt

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Sold Price
$595,000
List Price
$595,000
Closing Date
Aug 30, 2024
MLS#
20240029767
Status
CLOSED
Bathrooms
9
Subdivision
C B SHERRARD SUB (PLATS)

Property Description

Incredibly well located Pre War Brick Multifamily adjacent to Grosse Pointe Park. Aside from being in the direct path of rapid development, this building has the benefits of being WALKABLE to downtown Grosse Pointe Park areas for shopping, dining and services but without the hefty taxes. It is also close to bus stops and bike lanes for access to new retail development on Jefferson and Mack. 6 fully updated units with appliances. Six occupied units and private one year leases. 2022-2023 updates include 68 replacement windows , 75 Gallon hot water heater, exterior improvements, glass block basement windows, 2 sets of card operated laundry machines, actively serviced & maintained sewer and water lines, individual meters and professionally managed. Take advantage of this opportunity to add large potential to your growing portfolio. The hard work is done, own 9 doors under one roof with the chance to place your own new tenants, and pick up the recent capital improvements with your own basic maintenance program. Smart investors don't wait to buy multifamily buildings, they buy multifamily and wait. Adjacent parcel(s) DLBA BATVAI

Additional Information

Year Built
1925
Basement Type
Partial
Acres
0.07
Style
Common Entry Building, Other
Acres
0.07
School District
Detroit
Interior Features
Entrance Foyer, High Speed Internet, Programmable Thermostat
Heating
Hot Water, Natural Gas, Radiant, Steam

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of RE/MAX Leading Edge 3132777777

Selling Office: RE/MAX Leading Edge.

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