Turnkey 8-unit in historic Jefferson Chalmers. All units are 1-bed, 1-bath w/ expansive layouts & natural light. 100% occupancy, immediate cash flow. The building is currently occupied by safe, long-term, and reliable tenants who treat the property with care, ensuring immediate and stable cash flow for an investor. Tenants pay own electric (individually metered). An added amenity rarely found in this area: dedicated storage units are available on-site, providing extra convenience for tenants and a potential ancillary income stream. With its brick exterior, partial basement, and prime location just minutes from the Detroit River, Grosse Pointe, and downtown, this is a true turnkey investment.
General Information
Sale Price: $525,000
Price/SqFt: $110
Status: Active
MLS#: rcomi20261035580
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.14
Lot Dimensions: 60X100
Size: 4,790 sq.ft.
Acreage: 0.14 est.
Year Built: 1959
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $2,334 Est. Winter Taxes: $4,300
