**INVESTORS** This 10 unit apartment building is fully leased and performing at an impressive 8% cap rate! The property features 1 bedroom apartment units with a courtyard between the units. The exterior of the building is well-cared for and in good condition! There is also room to raise the rents for an improved cap rate. The property features a low-maintenance brick exterior, mostly vinyl windows, a gated courtyard, and plenty of street parking! Add this to your portfolio today! The interior photos are from Unit #10 prior to the current tenant moving in. Tenants pay their own electric bills, including for the electric baseboard heat.
Sold for $380,000 on 09/16/22
$380,000
12927 Plymouth Rd, Detroit, MI 48227
10beds
4,467sqft
Multi Family
Built in 1955
-- sqft lot
$399,400 Zestimate®
$85/sqft
$1,206 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 10, 2024 at 02:06pm
Listed by:
Ryan E Kain 313-277-7777,
RE/MAX Leading Edge
Bought with:
Behzad Bokani, 6501420759
RE/MAX Dream Properties
Source: Realcomp II,MLS#: 2210095211

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
- Full bathrooms: 10
Heating
- Baseboard, Electric
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 4,467 sqft
- Finished area above ground: 4,467
Property
Parking
- Parking features: On Street, Other, Unassigned
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 0.28 Acres
- Dimensions: 120.00 x 100.00
Details
- Parcel number: W22I004864C9
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Poured, Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer, Sewer At Street
- Water: Public, Waterat Street
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Detroit
- Subdivision: COON AVENUE HEIGHTS SUB
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Warranty Deed
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$399,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$399,400