631 Merton Road

    Detroit, MI 48203
    • $1,800,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 218114404
    UPDATED: 22 min ago
    $1,800,000
    • 0
      BEDS
    • 1.3
      ACRES
    • 36
      BATHS
    • 0
      1/2 BATHS
    • 26,150
      SQFT
    • $69
      $/SQFT
    Type:
    Multi-Family
    Built:
    1944
    County:
    Zoning: Multi-Family
    Lot Size Dimensions: irregular

    School Ratings & Info

    School District:

    Description

    Come one come all! Here is the perfect opportunity to own property in an up and coming part of the city. Presenting the Merton Place Apartments. 28 one bedroom units and 8 two bedroom units available. New roof, newer furnaces and over 1/2 of the apartments have been updated in the last 2 years. Located just a stones throw from Palmer Park and the golf course community. Easy access to Woodward and transportation. Just 15 minutes from downtown and a mere 5 to 10 minutes from the northern suburbs. Most of the units are rented. The vacant ones are in the process of being renovated. This will be a solid investment for any savvy entrepreneur. Properties like this one don't come available too often over here so call for your appointment today! 24 hour notice to show. All showings must be accompanied by a licensed realtor. No exceptions!

    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: 2018-12-12T09:56:51.02.
    www.knerealty360.com/homes/89748018

    631 Merton Road Detroit, MI 48203

    • Price: $1,800,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: 218114404
    0
    Beds
    36
    Baths
    0
    ½ Baths
    1.3
    Acres
    26,150
    SQFT
    $69
    $/SQFT
    1944
    Built
    Neighborhood:
    MERRILL PALMER (ALSO PG 55 )
    County:
    Wayne
    Area:
    Det 6-8 Grfld-dequindre
    School District:
    DETROIT
    Property Description
    Come one come all! Here is the perfect opportunity to own property in an up and coming part of the city. Presenting the Merton Place Apartments. 28 one bedroom units and 8 two bedroom units available. New roof, newer furnaces and over 1/2 of the apartments have been updated in the last 2 years. Located just a stones throw from Palmer Park and the golf course community. Easy access to Woodward and transportation. Just 15 minutes from downtown and a mere 5 to 10 minutes from the northern suburbs. Most of the units are rented. The vacant ones are in the process of being renovated. This will be a solid investment for any savvy entrepreneur. Properties like this one don't come available too often over here so call for your appointment today! 24 hour notice to show. All showings must be accompanied by a licensed realtor. No exceptions!
    Exterior Features

    Architecture Level 2 Story Architecture Style Common Entry Building Construction Materials Brick Foundation Details Basement Foundation Materials Poured Lot Size Dimensions irregular Multifamily Parking On Street Pool YN No Road Frontage Type PavedPub. Sidewalk Waterfront YN No

    Interior Features

    Basement Type Common Basement YN Yes Baths Total 36.00 Heating Forced AirSeparate Meters Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 26150 Sq Ft Source Prd Unit Efficiency Number Of 0 Unit One Bed Number Of 28 Unit Three Bed Number Of 0 Unit Two Bed Number Of 8 Water Heater Fuel Natural Gas

    Property Features

    Assessment 100 Encroachment YN No Gross Scheduled Income 158400.00 Income Projection Actual Land Contract YN No Listing Financing CashConventionalWarranty Deed Monthly Rental Income 13200 Net Operating Income 123722.00 Number Of Units Leased 33 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Highland Park Protection Period 180 Rent Includes Garbage PickupWater/SewerYard Maintenance Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 14250.0000 Tax Amount Winter 1708.0000 Title Private - Owned Total Tax 15958.0000 Transaction Type Sale Unparsed Address 631 MERTON RD Water Source Municipal Water Zone Conform YN Yes Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Real Estate One-Southfield 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: 2018-12-12T09:56:51.02.
     
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