5970 Proctor Street

    Detroit, MI 48210
    • $199,000
    • STATUS: Active
    • ON SITE: 107 days
    • ID#: 218082646
    UPDATED: 72 min ago
    $199,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 2,472
      SQFT
    • $81
      $/SQFT
    Type:
    Multi-Family
    Built:
    1923
    County:
    Zoning: Commercial
    Lot Size Dimensions: 30.00X90.77

    School Ratings & Info

    School District:

    Description

    FORGET ABOUT THE AUCTION.. THIS IS AN INSTANT MONEY MAKER. TOTALLY REMODELED 5 UNIT BRICK APARTMENT BLDG. 100% OCCUPIED WITH SEC 8/MSHDA TENANTS WITH 2 YEAR LEASES. TENANTS PAY ALL UTILITIES. ALL UNITS RECENTLY RENTED IN APRIL/MAY 2018. TAXES ONLY $75 PER MONTH AND GENERATING ALMOST 4K PER MONTH IN INCOME. THIS ONE WON'T LAST. TRUE NET RETURN OF 19+%.

    Monthly Payment Calculator

    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than KNE Realty 360 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-12-09T22:56:01.043.
    www.knerealty360.com/homes/86865745

    5970 Proctor Street Detroit, MI 48210

    • Price: $199,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: 218082646
    0
    Beds
    5
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,472
    SQFT
    $81
    $/SQFT
    1923
    Built
    Neighborhood:
    Seymour & Troesters Michigan Ave (Plats)
    County:
    Wayne
    Area:
    Det South Of Grand River
    School District:
    DETROIT
    Property Description
    FORGET ABOUT THE AUCTION.. THIS IS AN INSTANT MONEY MAKER. TOTALLY REMODELED 5 UNIT BRICK APARTMENT BLDG. 100% OCCUPIED WITH SEC 8/MSHDA TENANTS WITH 2 YEAR LEASES. TENANTS PAY ALL UTILITIES. ALL UNITS RECENTLY RENTED IN APRIL/MAY 2018. TAXES ONLY $75 PER MONTH AND GENERATING ALMOST 4K PER MONTH IN INCOME. THIS ONE WON'T LAST. TRUE NET RETURN OF 19+%.
    Exterior Features

    Architecture Level 2 Story Architecture Style Common Entry Building Construction Materials Brick Exterior Features Outside LightingPrivate Entry Foundation Details Basement Foundation Materials Block Lot Size Dimensions 30.00X90.77 Parking Total 2 Pool YN No Road Frontage Type PavedPub. Sidewalk Roof Material Asphalt Waterfront YN No

    Interior Features

    Basement Type Private Basement YN Yes Baths Total 5.00 Heating Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 2472 Sq Ft Source Prd Sq Ft Total Basement 2472 Unit Efficiency Number Of 0 Unit One Bed Number Of 2 Unit Three Bed Number Of 2 Unit Two Bed Number Of 1 Water Heater Fuel Natural Gas

    Property Features

    Assessment 340 Encroachment YN No Gross Scheduled Income 47868.00 Income Projection Actual Inventory List YN Yes Land Contract YN No Listing Financing CashWarranty Deed Monthly Rental Income 3989 Net Operating Income 46968.00 Number Of Units Leased 5 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Detroit Protection Period 180 Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 837.0000 Tax Amount Winter 72.0000 Title Private - Owned Total Tax 909.0000 Transaction Type Sale Unparsed Address 5970 PROCTOR ST Water Source Municipal Water Year Remodeled 2018 Zoning Commercial

    IDX provided courtesy of Realcomp II Ltd., via Virtual Real Estate Services Llc and Realcomp, ©2018 Realcomp II Ltd. Shareholders.
    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than KNE Realty 360 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-12-09T22:56:01.043.
     
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