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13521 E Mcnichols Road Detroit, MI $ 385,000
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$ 385,000 Get more info
13521 E Mcnichols Road
$ 385,000
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13521 E Mcnichols Road

Detroit, MI, 48205
$ 385,000
Bedrooms5 Baths7.0 Sq 3,140

Monthly Estimate*

$ 2,559

13521 E Mcnichols Road, Detroit, MI 48205 - Image 1
13521 E Mcnichols Road, Detroit, MI 48205 - Image 2
13521 E Mcnichols Road, Detroit, MI 48205 - Image 3
13521 E Mcnichols Road, Detroit, MI 48205 - Image 4
13521 E Mcnichols Road, Detroit, MI 48205 - Image 5
13521 E Mcnichols Road, Detroit, MI 48205 - Image 6
13521 E Mcnichols Road, Detroit, MI 48205 - Image 7
13521 E Mcnichols Road, Detroit, MI 48205 - Image 8
13521 E Mcnichols Road, Detroit, MI 48205 - Image 9

Multi-Family Home for sale in Detroit, MI

for $385,000 with 5 bedrooms and 7 full baths. This 3,140 square foot home was built in 1953 on a lot size of 0.14.

Great Investment Opportunity!!! Well Maintained, Stabilized and Producing 7 unit Apartment Building. Offered at 11% CAP rate. Next door - 13535 (23 units) McNichols is also available for sale. Properties are next to each other and might be sold together. Currently producing at a $63k a year Gross . Current Net income is $43,811. Projected gross income once fully leased $68,200. Landlord pays water, gas, electric. Needs advance notice to show. Do not disturb tenants.

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Multi-Family Active

Price

$ 385,000

Bedrooms

5

Full Bath

7

Property Type

Multi-Family

Taxes

$ 5,892

Style

Ranch

Lot Size

0.14

Year Built

1953

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20230066307
Features
Interior
Heating Fuel Heat Pump Electric
Basement Y/N 0
Total Units 7
Fireplace 0
Street Suffix Road
Total Baths 7.00
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General
Sewer Public Sewer (Sewer-Sanitary)
Heating Heat Pump
Cooling Window Unit(s)
Rent Includes Electric Water
Possession At Close
Pets Allowed No
Zoning Commercial Multi-Family
Pool Y/N 0
Full Baths 7
Half Baths 0
Year Built 1953
Property Type Multifamily
Subdivision Name MICHAEL GREINER ESTATE (PLATS)
Transaction Type Sale
Status Active
Short Sale No
Parking Total 0
Construction Materials Brick
Cumulative Days on Market 223
MLS Area Det 8 To Gratiot/Houston To 7
Directions McNichols & Gratiot
City Detroit
Terms Offered Cash Conventional
School District Detroit
Land Contract 0
Ownership Status Short Sale - No Private Owned
Street Name MCNICHOLS
Homestead 0
Assessment 900.00
Total Sq Ft 3140
DOM 223
Taxes 5892.0000
Legal Description N--E MC NICHOLS RD E 20 FT 242 243 MICHAEL GREINER ESTATE SUB L41 P67 PLATS W C R 21/611 60 X 100
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Exterior
Waterfront 0
Lot Size Area 0.14
Water Source Public (Municipal)
Foundation Slab
Lot Size Dimensions 60.00 x 100.00
Architecture Level 1 Story
Architecture Style Ranch
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Internal Only
Originating MLS Realcomp II Ltd
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* Excluded Features
List By
Dmitriy Selektor

Listing Agent

Exp Realty Llc

Broker

(248) 496-4080

Phone

Affordability Calculator

$3,050
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,559
Monthly Property Taxes
$491
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/9/2023$385,000 Listed Price

Map

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13521 E Mcnichols Road, Detroit, MI, 48205 is a Multi-Family Home for sale at $385,000 with 3,140 sqft and a lot size of 0.14. 13521 E Mcnichols Road has 5 bedrooms, 7.0 baths, and was built in 1953. The property's zip code is 48205 which is in Detroit, MI

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