2023 Tuxedo Street

    Detroit, MI 48206
    • $899,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 218055733
    UPDATED: 60 min ago
    $899,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,100
      SQFT
    • $39
      $/SQFT
    Type:
    Commercial
    Built:
    1927
    County:
    Zoning: Multi-Family
    Lot Size Dimensions: 70.00X126.00

    School Ratings & Info

    School District:

    Description

    34 UNIT APARTMENT BUILDINGShare and invest in the rebirth of Detroit with this unique investment opportunity. This iconic deco style building was substantially rehabilitated in the late 1990s with significant government grants. The building consists of (11) one-bedroom units, (20) studio units, plus a 2-bedroom resident managers residence, an on-site building office for a property manager and one additional basement unit converted into management storage. Scheduled rent for the building is $ 12,300.00 monthly or $ 147,600.00 on a yearly basis. The building maintains virtually full occupancy in a high demand rental area. Significant recent improvements include: Newer carpet in all units New plumbing stacks installed throughout 2 new hot water tanks (2014) and (2017) New Boiler (2010) Sloan valve toilets to save on water consumption Energy efficient lighting updated with DTECertified rent roll and 2 year profit and loss available upon request.

    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: 2018-09-20T14:01:32.29.
    www.detroitmetrorealestate.com/homes/84949273

    2023 Tuxedo Street Detroit, MI 48206

    • Price: $899,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: 218055733
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    23,100
    SQFT
    $39
    $/SQFT
    1927
    Built
    Neighborhood:
    Oakmans Robt 12Th & Tuxedo (Plats)
    County:
    Wayne
    Area:
    Det: Livernois-i75 6-gd River
    School District:
    DETROIT
    Property Description
    34 UNIT APARTMENT BUILDINGShare and invest in the rebirth of Detroit with this unique investment opportunity. This iconic deco style building was substantially rehabilitated in the late 1990s with significant government grants. The building consists of (11) one-bedroom units, (20) studio units, plus a 2-bedroom resident managers residence, an on-site building office for a property manager and one additional basement unit converted into management storage. Scheduled rent for the building is $ 12,300.00 monthly or $ 147,600.00 on a yearly basis. The building maintains virtually full occupancy in a high demand rental area. Significant recent improvements include: Newer carpet in all units New plumbing stacks installed throughout 2 new hot water tanks (2014) and (2017) New Boiler (2010) Sloan valve toilets to save on water consumption Energy efficient lighting updated with DTECertified rent roll and 2 year profit and loss available upon request.
    Exterior Features

    Architecture Level 4-10 Story Construction Materials Brick Foundation Details Basement Foundation Materials Poured Lot Size Dimensions 70.00X126.00 Road Frontage Feet 70 Road Frontage Type Paved Waterfront YN No

    Interior Features

    Heating Cooling Steam Heating Fuel Natural Gas Room Count 0 Sq Ft Main 23100 Sq Ft Office 400 Sq Ft Source Prd Unit Efficiency Number Of 21 Unit One Bed Number Of 12 Unit Three Bed Number Of 0 Unit Two Bed Number Of 1 Water Heater Fuel Natural Gas

    Property Features

    Assessment 100 Commercial Type Apartments Current Use Apartments Encroachment YN No Gross Scheduled Income 141300.00 Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Sales 11775 Net Operating Income 86345.00 Operating Expense 61855.00 Ownership Status Private OwnedShort Sale - No Percent Leased 90 Possession Immediate Postal City Detroit Protection Period 180 Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 7652.0000 Tax Amount Winter 1101.0000 Title Private - Owned Total Tax 8753.0000 Unparsed Address 2023 TUXEDO ST Water Source Municipal Water Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Aspen Real Estate Corp 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: 2018-09-20T14:01:32.29.
     
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