Jennifer D. Jennings
REALTOR®
BEDS0
BATHS10 full
SQUARE FEET4,467
MLS#20261014273
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCoon Ave Heights Sub
SCHOOLDetroit
Property Description
INVESTORS: Cash-flow from day one with this high-performing 10-unit apartment building at 12927 Plymouth Rd, priced to move at $550,000! Currently fully leased and generating $6,000/month in actual rent, this asset delivers an impressive 8%+ Cap Rate with additional room to grow. This rare deal also includes two adjacent vacant parking lots,12913 Plymouth Rd and 12901 Plymouth Rd ( Fenced parking lot ), offering massive value for tenant parking or future development . The property features a low-maintenance brick exterior and gated courtyard, making it a perfect addition to any portfolio. Tenants pay their own electric bills, including for the electric baseboard heat. Please do not disturb tenants. Buyer and buyer’s agent to verify all information; room measurements are approximate. Property is being sold AS-IS. No virtual showings. All buyers must be accompanied by a licensed real estate agent. A signed NDA is required to receive the full Rent Roll.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall Unit(s)
Fuel Type: Electric
Heating: Baseboard
Home Style: Ranch
Lot Size: 0.28 Acres
Year Built: 1955
Feature Descriptions
Architecture: Ranch
Days on Site: 25
Exterior: Brick
Foundation: Slab
Frontage Feet: 120
Lot Dimensions: 0.28 Acre(s)
Road Frontage: Paved
Summer Tax: $7567.0000
Winter Tax: $811.0000
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: RE/MAX Dream Properties
Agency Phone: (248) 374-7700
Shown By
Agent Name: Jennifer D. Jennings
Agent Phone: (989) 295-4680
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 3,236.96 per month $3,076.54 Principal & Interest $0.00 Property Tax (data not provided by mls) $160.42 Homeowner's InsuranceChange Payment Information
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12927 Plymouth Road | MLS# 20261014273
This multi-family property located at 12927 Plymouth Road, Detroit, MI 48227 is currently listed for sale with an asking price of $550,000. Plymouth Road is located within the Detroit school district. Search Detroit real estate on www.jdjrealtor.com today.