$675,000
$675,000
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10311 CADIEUX Road Detroit, MI 48224
12 Beds
12 Baths
7,228 SqFt
Key Details
Sold Price $675,000
Property Type Multi-Family
Sub Type Common Entry Building
Listing Status Sold
Purchase Type For Sale
Square Footage 7,228 sqft
Price per Sqft $93
Subdivision More Than One Subdivision Involved
MLS Listing ID 20240018770
Sold Date 06/14/24
Style Common Entry Building
Bedrooms 12
Full Baths 12
Originating Board Realcomp II Ltd
Year Built 1962
Annual Tax Amount $14,417
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 99.00 x 94.00
Property Description
Rare opportunity don't let this pass you by. 100% occupancy and all rents are at market rate. The average rent is just over $1000. No deferred maintenance, start cash flowing from day 1. 10 of the 12 units are section 8 with regular rent increases each year. All tenants are in a lease. The owner pays for water, heat, and some electricity. The water bill averages $400. Also, the taxes were just lowered. This means more cash in your pocket. No showings without an accepted offer. The buyer will receive a warranty deed, title insurance, and a clear title. The buyer is to pay a $495 transaction fee to Downtown Realty. The agent is part of the LLC selling the property. ***DO NOT DISTURB THE TENANTS***
Location
State MI
County Wayne
Area Det Con-Mors/Grat. Hstn/7 Mack
Zoning Multi-Family
Direction I-94 to Cadieux
Rooms
Basement Unfinished, Common Storage Locker
Interior
Hot Water Natural Gas
Heating Baseboard, Radiant
Cooling Ceiling Fan(s), Wall Unit(s)
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 6.0
Roof Type Rubber
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Architectural Style Common Entry Building
Level or Stories 1 Story
Structure Type Brick
Schools
School District Detroit
Others
Pets Allowed No
Tax ID W21I075191C3
Ownership Short Sale - No,Private Owned
Assessment Amount $100
Acceptable Financing Cash, Conventional
Rebuilt Year 2022
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Downtown Realty