12564 Pinehurst St, Detroit, MI 48204
- $580,000
- 10
- BD
- 12
- BA
- 2,881
- SqFt
- List Price
- $580,000
- MLS#
- 5050220846
- Status
- PENDING
- Bedrooms
- 10
- Bathrooms
- 12
- Subdivision
- MOORE & VEALE SUB
Property Description
Excellent investment opportunity featuring a 12-unit income-generating apartment building. 10 of the units are 1 bed 1 bath and 2 of the units are studios. Tenants are responsible for their own electric and gas utilities, while the owner pays for water. Several occupied units have already been renovated with fresh paint and modern flooring. The vacant units may require some updating, and offer an opportunity for an investor to renovate and increase overall rental income. Market rents are estimated at approximately $700"“$750 per unit. Land contract terms are available with a $50,000 down payment.
Additional Information
- Year Built
- 1927
- Acres
- 0.10
- Style
- Apartment
- Acres
- 0.10
- School District
- Detroit
- Heating
- Electric, Forced Air, Separate Meters
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