12927 Plymouth Road, Detroit, MI 48227
- $499,000
- 10
- BA
- List Price
- $499,000
- Price Change
- ▼ $51,000 1777413448
- Days on Market
- 178
- MLS#
- 20261014273
- Status
- ACTIVE
- Type
- Multifamily
- Bathrooms
- 10
Property Description
INVESTORS: Cash-flow from day one with this high-performing 10-unit apartment building at 12927 Plymouth Rd, priced to move at $550,000! Currently fully leased and generating $6,000/month in actual rent, this asset delivers an impressive 8%+ Cap Rate with additional room to grow. This rare deal also includes two adjacent vacant parking lots,12913 Plymouth Rd and 12901 Plymouth Rd ( Fenced parking lot ), offering massive value for tenant parking or future development . The property features a low-maintenance brick exterior and gated courtyard, making it a perfect addition to any portfolio. Tenants pay their own electric bills, including for the electric baseboard heat. Please do not disturb tenants. Buyer and buyer’s agent to verify all information; room measurements are approximate. Property is being sold AS-IS. No virtual showings. All buyers must be accompanied by a licensed real estate agent. A signed NDA and POF/Pre-Approval Letter are required to receive the full Rent Roll.
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Additional Information
- Taxes
- $8,378
- Acres
- 0.28
- Basement
- Slab
- Heating
- Baseboard
- School District
- Detroit
- Water
- Public
Mortgage Calculator
Listing courtesy of Listing Agent: Behzad Bokani from Listing Office: RE/MAX Dream Properties.
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