Detroit, MI 48205,18037 Pelkey Street
Detroit, MI 48205,18037 Pelkey Street
Detroit, MI 48205,18037 Pelkey Street
Detroit, MI 48205,18037 Pelkey Street
Detroit, MI 48205,18037 Pelkey Street
Detroit, MI 48205,18037 Pelkey Street
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$600,000

Est.Price: ?

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Est. payment /mo

5,364 SqFt


SOLD DATE : 12/01/2025

Key Details

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 5,364 sqft

Price per Sqft $107

MLS Listing ID 20251046375

Sold Date 12/01/25

Year Built 1929

Annual Tax Amount $22,438

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 40 x 126

Source Realcomp

Property Description

LOCATED 8 MINUTES FROM THE INFAMOUS EAST ENGLISH VILLAGE DISTRICT, YOU WILL FIND 18037 PELKEY NESTLED ON A 5,364 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOASTS A BRAND NEW ROOF TO ENSURE REPEAT DIVIDENDS FOR MANY YEARS TO COME. YOUR APARTMENT COMPLEX CONSISTS OF 10 RECENTLY REMODELED 1 BED ROOM UNITS. EACH UNIT HAS BEEN UPGRADED AND HAS ENTIRELY BRAND NEW ELECTRICAL AND PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. FURTHERMORE THE ENTIRE COMPLEX HAS NEW ELECTRICAL AND PLUMBING FROM TOP TO BOTTOM. EACH SPACIOUS UNIT HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. 10 OF THE 10 UNITS ARE LEASED TO SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS ARE JUST UNDER $10,000 PER MONTH. THE TENANTS PAY ALL UTILITIES, WHICH ALLOWS THIS COMPLEX TO MAINTAIN OVER 20% CASH ON CASH RETURN. PROPERTY TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Location

State MI

County Wayne

Area Wayne County - 100

Zoning Multi-Family

Direction S on Gratiot Ave, W on 7 Mile Rd, S on Pelkey St, Building is on the Right

Rooms

Basement Basement

Interior

Heating Baseboard, Hot Water

Exterior

View Y/N No

Roof Type Other

Building

Foundation Brick/Mortar

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID 21030190

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Listed by KW Domain
Shyanne Queen

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(616) 610-2005

shyannesoldit@gmail.com

2401 Camelot Ct SE, Grand Rapids, MI, 49546, USA

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