Corner lot property, 16,257 square feet 1st floor inside, 6,500 square feet upstairs with Grand staircase , 1 apartment 2 offices 2 walk in safe's, to roll up doors. 32,370 outside cement everywhere. Multiple uses on this Property. New Electrical, Roof, Paint, Doors, Plumbing. Ect. Excellent Location & Secure .Billboard style sign on corner included. Fenced in 2 lots . The property could be Flex warehouse. Flex space is industrial property that can be easily converted and normally includes a mix of both industrial and office space. Auto Repair & Auto Sales, Warehouse, Club, Studio, Greenhouse, Market, Store, Lots of parking & Excellent location. Main street, Out side Billboard style sign Included. Owner is ready to sell make offer.
Price Upon Req.33,327 SF
PROPERTY TOURSProperty Tours will be held by appointment only. Please contact listing broker for scheduling. MARKETING DESCRIPTIONAuction.com and Luke Investments are pleased to present the opportunity to acquire 2735 Russell Street; a 33,327 SF mixed-use retail/warehouse building located in Detroit, Michigan. The property also includes nearly 20,000 SF of surface parking, bringing the total footprint 53,013 SF (1.217 acres). The building is currently leased by Bert's Marketplace; a popular jazz bar/soul food restaurant and concert venue, resulting in an annual income of $80,400. The property as well-known as being a cornerstone building of Eastern Market; which borders I-75/I-375 on the NE corner of Downtown Detroit. Eastern Market is home to several niche restaurants; as well as the favorite destination of large crowds for sporting event tailgating and weekend farmers markets. The property is only a few short blocks from Ford Field, Comerica Park, Greektown Casino, and the Detroit Opera House. There are also several hotels nearby, and easy access to all major freeways.
Single tenant net leased building on hard corner with traffic light. Tenant has been in place since 1990.
This Weekend Only Price Special Only $24,900. Blaine Manor Apartments is a four-story apartment building situated on an approximately 11,000 sq ft site. Located at 3045 Blaine in the City of Detroit 48206. Approximately 3 1/2 miles from Downtown Detroit.This Property was constructed in 1928. Property consists of approximately 18 units. Blaine Apartments has a unit breakdown consisting of all one bedroom / one bath units of approximately 725 square feet. All units have large living room with Murphy Bed Closet and Large bedroom W/Two closets one being a walk in. Most unit All have Private Balcony. The total building area is approximately 14,000 square feet. This is a very recent foreclosure. Property is vacant and will need rehab. Offered at Only $24,900. All wholesale assets are sold as is where is of course. This asset company has over 200 properties 8 being apartment building. All offered well below wholesale. If interested email our office for a complete list.
This is a Two Story Brick Single-Family Home located at 20166 Greeley Street, Detroit MI 48203. This home has 3/4 bedrooms, approximately 1,564 square feet. Home also has a fireplace, full basement with a detached garage. The property was built in 1928 and has a lot size 5,000 sq ft. This home is in really nice condition. This property just came out of foreclosure occupants have just vacated home and is offered by Global Premier Asset Serving. Property is vacant and will need some type of repairs/rehab of course as do they all. All wholesale assets are sold as is where is of course. This asset company has over 200 Detroit Assets with about 100 being homes. All offered well below wholesale average list price from $2900 to $9,900. If interested, please e-mail our office for a complete list and website
Our seller has 7 occupied homes to liquidate. All priced well below even wholesale value. Priced from $5,900. and up each. Buy 1 or all at a very large discounted package deal of only $59,000. These properties are all just out of foreclosure. Seller has NO contact at all with tenants and does not contact tenants for any reason nor do we. We have no prior rent/lease info. Buyers of properties are to contact tenants and workout rent/lease payment and terms etc. If you need a local contact or property manager to take care of this we will assist. Please DO NOT DISTURB TENANTS. Offered drive by showing only. If you would like a list of addresses please email our office. These properties are offered by Global Premier Asset Serving. Transaction will be completed by our office at NO additional closing cost to buyer. All wholesale assets are sold as is where is of course. This asset company has over 200 Detroit Assets and about 120 vacant Homes and 100 Commercial buildings. All offered well below wholesale average list price from $2900 to $9,900. If interested, please e-mail our office for a list.
Buena Vista Manor Apartments is a four-story apartment building which includes the garden level apartments. Located at 2297 Buena Vista in the City of Detroit 48238. Less then 5 miles from Downtown Detroit.This Property was constructed in 1956. Property consists of approximately 18 units. This property is just out of Foreclosure. Property is vacant and will need rehab. Offered at Only $27,000. All wholesale assets are sold as is where is of course. This asset company has over 200 properties offered, 8 being Apartment Buildings. All offered well below wholesale value. If interested please email our office for a complete list and web address.
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This property is located just South of 8 Mile Road. Join a Chinese carry-out restaurant, CD Nails and beauty supply store.Dec 1, 2004 Cash Flow AnalysisGross Rental Income $152,640.00Less: Vacancy Loss @ 5% $7,632.00Adjusted Gross Income $145,008.00Less: Expenses Real Estate Taxes $15,000.00 Insurance $6,200.00 Common Area Maintenance $2,000.00 Management Fee (5%) $7,632.00NET CASH FLOW $114,176.00Investment AnalysisSALE PRICE $1,195,000.00Assume Loan 80% ltv $956,000.00Down Payment $239,000.00Cash Flow (before debt service) $114,176.00Minus: Debt Service CoverageDebt Service for Loan $956,000.00Annual Interest 6.00%Amortization 25 $73,914.00Cash Flow (After Debt Service) $40,262.00Cash On Cash $239,000.00 16.85%