$580,000 pending
12564 pinehurst, detroit, MI 48204
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 $700â??$750 per unit. Land contract terms are available with a $50,000 down payment.
General Information
Sale Price: $580,000
Price/SqFt: $201
Status: Pending
MLS#: 50220846
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: moore & veale sub
Acres: 0.1
Lot Dim: 4356
Bedrooms:10
Bathrooms:12 (12 full, 0 half)
Size: 2,881 sq.ft.
Acreage: 0.1 est.
Year Built: 1927
Style: More than 2 Stories
Features & Room Sizes
Basement: Yes
Heating: Forced Air
Tax, Fees & Legal
Est. Summer Taxes: $7,536
Est. Winter Taxes: $942
Information provided by East Central Association of REALTORS
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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for 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. Listing By: Keelie Thomas of Elite Real Estate Professionals, Inc.
