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$ 1,600,000
Est. payment | /mo
22,430 SqFt
$ 1,600,000
Est. payment | /mo
22,430 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 22,430 sqft
Price per Sqft $71
Subdivision Mi
MLS Listing ID 70461379
Year Built 1962
Annual Tax Amount $34,924
Tax Year 2024
Lot Size 0.580 Acres
Acres 0.58
Lot Dimensions 179 x 142
Property Sub-Type Multi-Family
Property Description
These two multifamily properties offer strong investment potential with diverse rental opportunities. 16217 Greenfield Road features six units across two stories, with an average unit size of 673 square feet and a 67% occupancy rate. The mix of one- and two-bedroom units appeals to various tenants. 16225 Greenfield Road, with 26 units averaging 586 square feet, includes studios, one-bedroom, and two-bedroom units, with rents ranging from $650 to $900. Both properties offer competitive pricing and a variety of unit types, making them ideal for investors seeking to capitalize on the demand for affordable rental housing.
Location
State MI
County Wayne
Area Detroit (82001)
Interior
Heating Forced Air
Exterior
Exterior Feature Brick
Building
Lot Description Sidewalks
Foundation Basement
Structure Type Brick
Schools
School District Detroit City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Hub, LLC
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