Description
Clean well running buildings of this size are rare in the market. Majority of units have been renovated in the last 2 years. Roof was updated a year ago, hot water tanks installed in last 6 months. Onsite manager has been with the building for over 20 years! Previous owners converted several 1 bedrooms, into very large 2 and 3 bedroom units. The opportunity exists to return the building to more units, and increase the overall gross rent. Onsite laundry, gated secure parking lot! Please do not approach the building without an accepted offer, tenants are not aware of sale. Opportunity to employee current managers post sale at below market rate!
Property Details
63
63
45,312 Sqft
1969
0.93 Acre
Brick
Vacant Land
0
Features
: Laundry Facility
: Baseboard
: Wall Unit(s)
: Paved
Basement/Foundation
: Common, Walk-up Access
Utilities
: Sewer-sanitary
Natural Gas
Local Info
ROBERT M. GRINDLEYS SUB OF LITTLE FARMS (PLATS)
Financial/Legal
17969
No
$0
$0
Listing Details
CHICAGO
12850
: Enter Diegel Dr Off Of Schoenherr Road And Right Turn Onto Pelican Lane, North Of Applewood Drive And West Of Schoenherr Road
Multi-family
S
Other Details
219020730
Social Realty LLC
Active

12850 CHICAGO Detroit, MI 48228

12850 CHICAGO, Detroit, Michigan 48228

63 Bathrooms Full
45,312 Sqft
$1,800,000
Listing ID #219020730
Overview
Price : $1,800,000
Property Type : Multifamily
Listing Type : For Sale
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