1705 OAKMAN Boulevard Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48238
Key Details
Property Type Multi-Family
Sub Type Historic
Listing Status Active
Purchase Type For Sale
Square Footage 8,748 sqft
Price per Sqft $77
Subdivision Robt Oakmans Ford Highway And Linwood Sub (Plats)
MLS Listing ID 20240066483
Style Historic
Bedrooms 13
Full Baths 13
Half Baths 13
Year Built 1927
Annual Tax Amount $2,901
Lot Size 6,098 Sqft
Property Description
Great Investment Opportunity: 13-Unit Apartment Complex in Oakman Historical District
Check out this fantastic 13-unit apartment building in the Oakman Historical District of Detroit. It?s a solid investment with 10 out of the 13 units currently rented, so you?ll start earning right away!
Taxes $3,800 annually
Insurance $6,000 annually
Gas $12,000 annually
Electric $2,400 Annually
Water $9,600 annually
Units 1, 7, 3, 10 are vacant
Unit 2 the building manager lives in and would like to stay, he takes care of the building and grounds in exchange for housing, has been there 20 years
units 6 and 13 pay $600 monthly
remaining units pay $500 monthly
Boiler in basement, original plumbing, fixed when needed and well maintained, newer electrical boxes
Not a government rent controlled building and no tenants are section 8
All units are the same layout, 1 bed 1 bath, some have carpet, some have wood floors. Tenants pay electric and cooking gas.
windows are 4 years old, roof is under 10 years old
Located in a charming historic neighborhood with lots of character.
This property combines historical appeal with recent upgrades and offers great rental income potential. It?s a smart choice for anyone looking to invest in a growing area!
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Commercial,Multi-Family
Interior
Heating Radiant,Wall/Floor Furnace
Exterior
Garage Spaces 5.0
Waterfront no
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $100
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional