$240,000
$265,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
5940 APPOLINE ST Dearborn, MI 48126
4 Beds
4 Baths
3,052 SqFt
Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Duplex,Split Level,Upper/Lower Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,052 sqft
Price per Sqft $78
Subdivision Robert Oakmans Oakman Blvd & Miller Ave
MLS Listing ID 2200005383
Sold Date 02/14/20
Style Duplex,Split Level,Upper/Lower Apartment
Bedrooms 4
Full Baths 4
Originating Board Realcomp II Ltd
Year Built 1927
Annual Tax Amount $6,114
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 36.00X132.00
Property Description
Great opportunity to invest into a 3100 sqft, multi-family, 2 stories with 4 units. Each unit is rented out making a strong profit. All units are the same size and they include a large 1 bedroom, an open kitchen, a large living room, and a full bath. The full INVESTMENT brings in $28,000/ per year at around an 8% cap. And the rent could be increased. Seller is motivated and will consider all offers including land contract deals. Hurry and take advantage of this income property in East Dearborn in a great area. It won't last long. This 4 unit apartment building also includes a large basement. In addition, each unit is updated up to city code and behind the building are 4 spacious parking lots for the tenants.
Location
State MI
County Wayne
Area Dearborn
Zoning Residential
Direction North of Ford Road West of Miller
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace no
Heat Source Natural Gas
Exterior
Exterior Feature Awning/Overhang(s), Chimney Cap(s), Fenced
Garage Spaces 4.0
Roof Type Asphalt
Porch Porch, Porch - Covered
Road Frontage Paved
Garage no
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Municipal Water
Architectural Style Duplex, Split Level, Upper/Lower Apartment
Level or Stories 2 Story
Structure Type Brick
Schools
School District Dearborn
Others
Pets Allowed Yes
Tax ID 32821008321004
Ownership Private Owned,Short Sale - No
Acceptable Financing Cash, Conv. Blend Rt, Conventional, FHA, Land Contract, VA
Listing Terms Cash, Conv. Blend Rt, Conventional, FHA, Land Contract, VA
Financing Cash,Conv. Blend Rt,Conventional,FHA,Land Contract,VA
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