18250 Weaver Street

    Detroit, MI 48228
    • $1,250,000
    • STATUS: Active
    • ON SITE: 63 days
    • ID#: 218041204
    UPDATED: 69 min ago
    $1,250,000
    • 0
      BEDS
    • 0.89
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 29,700
      SQFT
    • $42
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1969
    County:
    Zoning: Multi-Family,Residential
    Lot Size Dimensions: 387X100

    School Ratings & Info

    School District:

    Description

    Wonderful 40-unit multi-family! 8 Studios, 29 1BR's, 3 2BR's. Units have good layouts. 2BR's have a living room, dining area, kitchen, 2br's & bath. Studios have a large studio area and open kitchen. 1br's have a large living room, large bedroom open kitchen and bath. Building currently has 15 vacant units but there is lots of upside potential, including potential to raise rents. Several long-term tenants remain. Building has some delayed maintenance, but is in fairly good condition. On-site laundry. Off street tenant parking. On-site manager. Proven money maker!

    Monthly Payment Calculator

    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Classic are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-07-21T07:57:42.593.
    www.detroitmetrorealestate.com/homes/83734762

    18250 Weaver Street Detroit, MI 48228

    • Price: $1,250,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 218041204
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.89
    Acres
    29,700
    SQFT
    $42
    $/SQFT
    1969
    Built
    Neighborhood:
    Emerson Park (Plats)
    County:
    Wayne
    Area:
    Det: Joy-Schoolcraft Grnfld-Limi
    School District:
    DETROIT
    Property Description
    Wonderful 40-unit multi-family! 8 Studios, 29 1BR's, 3 2BR's. Units have good layouts. 2BR's have a living room, dining area, kitchen, 2br's & bath. Studios have a large studio area and open kitchen. 1br's have a large living room, large bedroom open kitchen and bath. Building currently has 15 vacant units but there is lots of upside potential, including potential to raise rents. Several long-term tenants remain. Building has some delayed maintenance, but is in fairly good condition. On-site laundry. Off street tenant parking. On-site manager. Proven money maker!
    Exterior Features

    Architecture Level 2 Story Commercial Exterior Features Outside Lighting Construction Materials Brick Foundation Details Basement Foundation Materials Poured Lot Size Dimensions 387X100 Road Frontage Feet 387 Road Frontage Type Class C Waterfront YN No

    Interior Features

    Heating Cooling Baseboard Heating Fuel Natural Gas Room Count 0 Sq Ft Main 29700 Sq Ft Office 0 Sq Ft Source Prd Unit Efficiency Number Of 8 Unit One Bed Number Of 29 Unit Three Bed Number Of 0 Unit Two Bed Number Of 3 Water Heater Fuel Natural Gas

    Property Features

    Apod Available YN Yes Assessment 100 Business Type Residential Commercial Type Apartments Current Use Apartments/Residential Encroachment YN No Exclusions YN No Gross Scheduled Income 141600.00 Inventory Included YN Yes Inventory List YN No Land Contract YN No Legal Rental Certified YN No Listing Financing CashConventional Monthly Sales 11800 Net Operating Income 99993.00 Operating Expense 41607.00 Ownership Status Private OwnedShort Sale - No Percent Leased 63 Possession Immediate Postal City Detroit Protection Period 90 Restrictions YN Yes Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 17166.0000 Tax Amount Winter 2204.0000 Title Private - Owned Total Tax 19370.0000 Unparsed Address 18250 WEAVER ST Water Source Municipal Water Zone Conform YN Yes Zoning Multi-FamilyResidential

    IDX provided courtesy of Realcomp II Ltd., via Keller Williams Home and Realcomp, ©2016 Realcomp II Ltd. Shareholders.
    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Classic are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-07-21T07:57:42.593.
     
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