$155,000
$195,000
20.5%For more information regarding the value of a property, please contact us for a free consultation.
14400 - 16 GRAND RIVER AVE Detroit, MI 48227
4 Beds
11,500 SqFt
Key Details
Sold Price $155,000
Property Type Commercial
Sub Type Apartments,Commercial,Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 11,500 sqft
Price per Sqft $13
Subdivision Schoolcraft Allotment (Plats)
MLS Listing ID 218007158
Sold Date 06/06/18
Bedrooms 4
Originating Board Realcomp II Ltd
Year Built 1926
Annual Tax Amount $5,960
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 92.61X120.00
Property Sub-Type Apartments,Commercial,Real Estate Only
Property Description
Excellent income opportunity, mixed use building with good exposure on Grand River, close to expressway access. Six commercial store front units, three currently leased out with the fourth to take occupancy this next month. Building management by R.E.M.S, listing office. Two commercial units facing Mark Twain. There are also two apartment units with Grand River access and two apartment units facing Mark Twain. The building has a full basement and is being consistently updated, Starting with each units window / door, store front being replaced. Partial building has new rubber Duro-Last roofing, the heating system has been converted from steam to GFA per units. Not every unit is tenant ready especially the apartments. The sellers will consider land contract terms.
R.E.MS processing fee of $295.00
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Commercial
Direction subject is between Schaefer and Greenfield
Interior
Hot Water Electric, Natural Gas
Heating Forced Air
Heat Source Natural Gas
Exterior
Roof Type Rubber
Road Frontage Paved
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Municipal Water
Level or Stories 2 Story
Structure Type Block/Concrete/Masonry,Brick,Stucco/EIFS
Schools
School District Detroit
Others
Tax ID W22I008351S
Ownership Private Owned,Short Sale - No
SqFt Source PRD
Assessment Amount $654
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
Financing Cash,Conventional,Land Contract
Special Listing Condition Full Service
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