Great investment opportunity, 13% plus cap rate! Renovated 2.5 story 20-unit brick apartment building with eleven 1-bed 1-bath, six 2-bed 1-bath and 2 studios situated on a 14,810 sf site with good curb appeal. Leases negotiable upside increase to market rents, current occupancy 100%. Boiler and roof updated, parking lot for tenants. Property manager in place or self-manage. Ideal opportunity for cash buyer or bank financing.
Sold for $850,000 on 02/08/24
$850,000
19169 Lahser Rd, Detroit, MI 48219
24beds
15,390sqft
Multi Family
Built in 1971
-- sqft lot
$960,700 Zestimate®
$55/sqft
$1,166 Estimated rent
Home value
$960,700
$797,000 - $1.16M
$1,166/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: February 08, 2024 at 12:39pm
Listed by:
Justin Zehel 248-979-3466,
Keller Williams Paint Creek
Bought with:
Samuel Abdoo, 6501379390
Abdoo Realty
Source: MiRealSource,MLS#: 50102676
Originating MLS: MiRealSource
Originating MLS: MiRealSourceFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 20
- Full bathrooms: 20
Heating
- Forced Air
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 15,390
- Total interior livable area: 15,390 sqft
Property
Features
- Levels: More than 2 Stories
Lot
- Size: 0.34 Acres
- Dimensions: 14810
Details
- Parcel number: 221136516
- Special conditions: Private
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Basement
Condition
- Year built: 1971
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & neighborhood
Location
- Region: Detroit
- Subdivision: Seven Mile Lahser Sub
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 2/8/2024 | Sold | $850,000-2.9%$55/sqft |
Source:  MiRealSource #50102676 Report a problem | ||
| 11/17/2023 | Pending sale | $875,000$57/sqft |
Source: MiRealSource #50102676 Report a problem | ||
| 10/21/2023 | Price change | $875,000-2.8%$57/sqft |
Source: MiRealSource #50102676 Report a problem | ||
| 6/22/2023 | Price change | $900,000-10%$58/sqft |
Source: MiRealSource #50102676 Report a problem | ||
| 4/7/2023 | Price change | $1,000,000-9.1%$65/sqft |
Source: MiRealSource #50102676 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Berg-Lasher
Nearby schools
GreatSchools rating
- 4/10Wright Charles SchoolGrades: PK-8Distance: 0.5 mi
- 3/10Ford High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: Detroit City School District
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$960,700
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
$960,700