Description
East English Village. Desirable building has (5) 1 bedroom units conveniently located off Warren Avenue in a quiet neighborhood with lots of character. Hardwood floors and original crown moldings throughout the units. Paved off street parking in the backyard. Refrigerators and stoves included. Coin operated washer and dryer in laundry facility located in the garden/basement level. Building has a total of 4 levels: Garden(Basement), Main Level, Upstairs Level, and a Loft currently unfinsihed as a walk up attic which has potential to build out a 6th unit. Perfect opportunity for a buyer to owner occupy or convert building to use as short term Airbnb or VRBO. Rents for each each are as follows: Apt #1S @ $952 (voucher), Apt #1N @ $750 (voucher), Apt #2N @ $848 (voucher), Apt #2S @ $848 (voucher), and Apt #B @ $520 (cash tenant). All units have HUD vouchers with the exception of apartment #B which is a long term cash tenant. Tenants pay electric and cooking gas for each apartment. Owner pays gas for boiler to heat building and water. Historical financials, income, and expenses are available upon accepted offer.
Location
IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, ©2022 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Updated: 2nd June, 2023 5:48 AM (UTC)
Listing Agent: David H Brooks III
Listing Office: Detroit Real Estate Advisors, LLC
