1705 OAKMAN Boulevard new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48238
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20250010572
Originating Board Realcomp
Year Built 1927
Annual Tax Amount $2,970
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50.00 x 120.00
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 3 units 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. 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 Wayne County - 100
Zoning Multi-Family
Direction Oakman historical district
Interior
Heating Baseboard
Exterior
View Y/N No
Roof Type Rubber
Building
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W12I004787S
Acceptable Financing Cash,Conventional,Contract
Listing Terms Cash,Conventional,Contract