5970 Proctor Street
Detroit, MI 48210

Description

Every investors dream! Cash flowing investment property at a net return of 15.6% after overhead and management fees. Manage the property yourself at 17.7% ROI. Section 8/MSHDA certified, and all 5 units are 100% occupied with three 2-year contracts. HAP Contracts available upon request. Tenants pay all utilities. Recently remodeled brick apartment building. Low maintenance. Low taxes at around $500 annually, and low insurance at only $4,636 annually. Each unit has own private entry. Close proximity to parks, schools, supermarkets, transportation, and freeways. Only 5 miles from Downtown. Call Jessica for inquires.

Details

MLS#219021002
StyleIndustrial
Sub-TypeResale
StatusActive
Year1923
Days On Site5

Features

SQ Feet2,472
Story(s)1
Units5
ZoningCommercial

Market Activity 48210

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48210
AreaDet South Of Grand River
Listing VS Median (in 48210)
Price:
$225,000
low | high
Med:
$49,999
100% of Average
SqFt:
2,472
low | high
Med:
2,304
56.796116504854% of Average
$ / SqFt:
$91
low | high
Med:
$22
100% of Average
On Site:
5
low | high
Med:
50
10% of Average
Listing Updated: 03/19/2019
MLS Number: 219021002
Listing Provided By:
Jessica Juel  of  KW Domain
MLS Internet Data Exchange (IDX) information is provided exclusively for 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, and that the data is deemed reliable but is not guaranteed accurate by realcomp II Ltd.® MLS.