Investor is reducing portfolio- Brick Quadruplex, with 4 2BR/1bath units, currently 75% occupied at $700 per month for each unit. The building has a common entry with interior unit entries/stairs; common basement with individual storage spaces, laundry, individual water heaters, individual furnaces; and separate gas/electric meters. Potential 8% cap rate fully occupied at the current rents. The building has value add opportunity with buyer upgrades.
Off market
$278,900
3854 31st St, Detroit, MI 48210
10beds
4,236sqft
MultiFamily
Built in 1925
-- sqft lot
$278,900 Zestimate®
$66/sqft
$1,473 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced air, Gas
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 4,236 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage - Detached
Features
- Exterior features: Brick
Lot
- Size: 6,534 sqft
Details
- Parcel number: 16010957
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1925
Community & neighborhood
Location
- Region: Detroit
Other
Other facts
- Property Subtype 1: 1 - 4 Units
- City or Township: City
- Construction: Other
- Basement: Yes
- Foundation: Slab
- # Total Bedrooms: 0
- URL: https://annarbor.rapmls.com/scripts/mgrqispi.dll?A
- Basement Type: Other
Services availability
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