1280 Dewey St, Plymouth, MI 48170
- $765,000
- 12
- BA
- 4,528
- SqFt
- Sold Price
- $765,000
- List Price
- $830,000
- Closing Date
- Sep 04, 2024
- MLS#
- 20240038229
- Status
- CLOSED
- Bathrooms
- 12
- Half-baths
- 6
- Subdivision
- BROOKVIEW SUB
Property Description
Great Opportunity to own these six units in Plymouth city. This wonderful investment opportunity apartment building is located in a residential neighborhood, walking distance to charming downtown Plymouth, Kellogg Park and all the restaurants and activities available. These 5 one bedrooms and 1 two-bedroom units are spacious with a nice open floor plan. Since 2016 the owners updated some appliances, bathrooms, counter tops, paint & Carpet. These Apartments are 100% leased and always full. Each unit has its own Separate furnace. Tenants pay for their own electric & Gas reducing the owners’ operational costs. Newer furnaces were installed (2 in 2012 and 4 in 2017). Individual Storage units were added in the basement for each apartment in 2017. The outside of the building was painted in (2022). designated laundry area are attractive features for tenants. And there is a possibility of converting part of the basement into an additional unit which offers potential for increased revenue. First floor patios and second floor balconies enhance living space for tenants making units more desirable. The fact that the apartments are 100% leased and consistently full is a strong indicator of the property desirability and could imply a reliable income stream for the new owner. 10 Car Parking lot for the tenants for their convenience too. check out this great investment.
Additional Information
- Year Built
- 1973
- Basement Type
- Full, Partial
- Acres
- 0.26
- Style
- Colonial
- Acres
- 0.26
- School District
- Plymouth Canton
- Interior Features
- Entrance Foyer
- Cooling
- Ceiling Fan(s), Window/Wall
- Heating
- Forced Air, Natural Gas
- Exterior Features
- Balcony, Lighting
- Garage Description
- Parking Lot
Mortgage Calculator
Courtesy of National Realty Centers, Inc 2484681444
Selling Office: Keller Williams Metro.
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