Investment property, Duplex
This Tri-plex has been completely renovated. New siding and roof in 2002. New windows in 2002. Electrical, plumbing, hot water heaters, and heating/cooling all new. Each unit has separate hot water heaters, furnaces, and electric/gas meters. Large parking area. Lawn maintenance already paid for this summer. All appliances in good working condition
Four 2 Bedroom/ Eight 1 Bedroom Apartment Complex Fully Occupied, Many Updates Built 1976 Located on deep, wide canal with St. Clair River access New heating system, newer AC Units New door-walls, well maintained interior Waterfront dockage for extra possible income
$495,000Size Upon Req.
Waterfront mobile home park available for sale. Located on Lake St. Clair and adjacent to the potential future waterfront redevelopment in Harrison Twp. Huge value add potential. Currently 14 lots rented at an average of $325 each per month. Potential for up to 24 lots with minor improvements.Tax information: $5,893 (2013)
New Cabinetry Large Spacious Apartments
12 Unit Apartment For Sale.
Built as a 2 family. Separate water, gas, elec. Vinyl windows. Roof 1 yr. Newer lower kitchen, fresh paint. Newer sewer line. Great rental with built in income. Separate lockable storage. First floor laundry and basement laundry.ATTENTION INVESTORS & first time buyers! Return on investment 14% or live in one and keep the other one rented and live for free! GREAT INVESTMENT! Built as a 2 family home. Separate water, gas, electric. Vinyl windows, roof 1 year old, newer lower kitchen, and fresh paint. Great rental with built in income. Separate lockable storage. First floor laundry and basement laundry. Lower unit is rented for $825/month and the upper is vacant for now to lease for $765/month.
State business / very successful business / great return on investment 5 year lease. Almost 3 beautiful acres, open concept. Lots of storages, handicap excess-able. 2 full baths. Bedrooms all large. Over-sized garage with individual storage (Has required alarms). Please this is an adult group home, be kind and gentle. Will not be disappointed.!!!The term of the lease for 5 years commenced on July 1, 2014. After the expiration date, tenant has the option to 2 additional five years periods (10 years) at the same terms. This property has been rented since 1994 to Macomb County. The owner has a current and valid 2 term- 5 year lease. lease agreement is available upon request. Thanks !WE CONSIDER ALL REASONABLE OFFERS!
20411 12 Mile Road Apartments is comprised of 1 two story building built in 1975. The building contain 9 one-bedrooms (600 ft.2. Notable for investors is the occupancy, which is currently 100%. The owner takes great pride in keeping this property in good condition. 20411 12 Mile Road Apartments is outfitted with landlord-paid hot water baseboard heat. 20411 12 Mile Road Apartments is performing well and IPO has estimated a year-one NOI of over $27K. Thus, an investor stands to earn a substantial return from the outset of acquisition, yet has the potential to still add considerable value to this asset. As previously indicated, current rental rates are considerably below market. Specifically, IPO has found that asking rents are below market by $86. As such, if a new owner were to successfully implement a $50 per unit increase they would add approximately $5,400 in cash flow and add $67,500 in value with no financial investment.