1705 OAKMAN Boulevard new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48238
Key Details
Property Type Multi-Family
Sub Type Common Entry Building
Listing Status Active
Purchase Type For Sale
Square Footage 8,748 sqft
Price per Sqft $77
Subdivision Robt Oakmans Ford Highway And Linwood Sub (Plats)
MLS Listing ID 20250010572
Style Common Entry Building
Bedrooms 13
Full Baths 13
Year Built 1927
Annual Tax Amount $2,970
Lot Size 6,098 Sqft
Property Sub-Type Common Entry Building
Property Description
Great Investment Opportunity: 13-Unit Apartment Complex in Oakman Historical District Check out this fantastic 13-unit apartment building in the Oakman Historical District of Detroit. It's a solid investment with 10 out of the 13 units currently rented, so you'll start earning right away! Taxes $3,800 annually Insurance $6,000 annually Gas $12,000 annually Electric $2,400 Annually Water $9,600 annually 3 units are vacant Unit 2 the building manager lives in and would like to stay, he takes care of the building and grounds in exchange for housing, has been there 20 years. Boiler in basement, original plumbing, fixed when needed and well maintained, newer electrical boxes Not a government rent controlled building and no tenants are section 8 All units are the same layout, 1 bed 1 bath, some have carpet, some have wood floors. Tenants pay electric and cooking gas. windows are 4 years old, roof is under 10 years old Located in a charming historic neighborhood with lots of character. This property combines historical appeal with recent upgrades and offers great rental income potential. It's a smart choice for anyone looking to invest in a growing area!
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Interior
Heating Baseboard,Separate Meters
Exterior
Garage Spaces 5.0
Roof Type Rubber
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Assessment Amount $100
Acceptable Financing Cash,Contract,Conventional
Listing Terms Cash,Contract,Conventional
Virtual Tour https://photos.app.goo.gl/xCH6TeuUugXfVTUn7