$580,000
Est. payment /mo
10 Beds
12 Baths
2,881 SqFt
Pending
12564 Pinehurst ST Originalcity, MI 48204
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 2,881 sqft
Price per Sqft $201
Subdivision Moore & Veale Sub
MLS Listing ID 5050220846
Style Morethan2Stories,Apartment
Bedrooms 10
Full Baths 12
Year Built 1927
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type MultiFamily
Property Description
Excellent investment opportunity featuring a 12-unit income-generating apartment building. 10 of the units are 1 bed 1 bath and 2 of the units are studios. Tenants are responsible for their own electric and gas utilities, while the owner pays for water. Several occupied units have already been renovated with fresh paint and modern flooring. The vacant units may require some updating, and offer an opportunity for an investor to renovate and increase overall rental income. Market rents are estimated at approximately $700"“$750 per unit. Land contract terms are available with a $50,000 down payment.
Location
State MI
County Wayne
Area Area05042Det6Tiregrnfldlivernois
Interior
Heating Electric, Forced Air, Separate Meters
Fireplace No
Exterior
View Y/N No
Building
Foundation Basement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Special Listing Condition CorporateRelocation, ShortSaleNo

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Listed by Keelie Thomas of Elite Real Estate Professionals, Inc.
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