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13910-20 Littlefield Street

Detroit, MI 48227
  • $539,000
  • STATUS: Active
  • ON SITE: 115 Days
  • MLS #: 24005085
UPDATED: 168 min ago
$539,000
  • 16
    BEDS
  • 0.12
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 1,300
    SQFT
  • $415
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

School District:

Description

GREAT INVESTMENT OPPORTUNITY! This valued added opportunity is 100% occupied with long-term tenants. Each unit is separately metered. Currently, rents are below market with plenty of upside to increase cashflow. Recent updates include but are not limited to new facia boards & gutters for entire building, renovation of kitchen & bath for 6 of 8 units. At present, a 9% cap rate but could easily become 12%.

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-05-24T18:56:51.75.
www.real5.com/homes/147045026
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13910-20 Littlefield Street Detroit, MI 48227

  • Price: $539,000
  • Status: Active
  • On Site: 115 Days
  • Updated: 168 min ago
  • MLS #: 24005085
16
Beds
8
Baths
0
½ Baths
0.12
Acres
1,300
SQFT
$415
$/SQFT
1929
Built
Neighborhood:
Detroit City
County:
Wayne
School District:
Detroit
Property Description
GREAT INVESTMENT OPPORTUNITY! This valued added opportunity is 100% occupied with long-term tenants. Each unit is separately metered. Currently, rents are below market with plenty of upside to increase cashflow. Recent updates include but are not limited to new facia boards & gutters for entire building, renovation of kitchen & bath for 6 of 8 units. At present, a 9% cap rate but could easily become 12%.
Exterior Features

Construction Materials Brick Corner Lot YN Yes Lot Features SidewalkCorner Lot Parking Total 0 Road Surface Type Paved Roof Composition Water Access YN No Waterfront YN No

Interior Features

Basement Full Basement YN Yes Heating Forced AirNatural Gas Heating YN Yes

Property Features

Auction Or For Sale For Sale Cross Street Schoolcraft & Shaefer Hwy Documents Available [] Listing Terms CashConventionalContract New Construction YN No Owner Pays Trash CollectionWater Property Sub Type 5+ Units Sewer Public Sewer Tax Annual Amount 1971 Tax Year 0 Tenant Pays ElectricGas Utilities Public Sewer AvailableNatural Gas ConnectedElectric Connected Zoning Residential

Listing provided courtesy of Deunta Oliver of Good Company Realty: 248-733-5811. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-05-24T18:56:51.75.
 
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