$930,000
$940,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
12 Baths
1.38 Acres Lot
SOLD DATE : 10/22/2024
Key Details
Sold Price $930,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Municipality Sumpter Twp
Subdivision Sumpter Twp
MLS Listing ID 20240041672
Sold Date 10/22/24
HOA Y/N true
Originating Board Realcomp
Year Built 1946
Annual Tax Amount $9,395
Lot Size 1.380 Acres
Acres 1.38
Lot Dimensions 95x635x636x96
Property Description
This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding NOI, there is significant value-add opportunity, too, in both raising rents and renting the land and garage storage spaces. Moreover, this can be done with low capital on the front end as the seller is in the process of passing all city inspections, which will be completed by closing. Huge bonus there as with the property being as turnkey as can be expected for a MF property, post-close, your only job is to maximize the NOI and valuation of the property with efficient operations. Owner statement, rent roll, and walk through videos of recently occupied unit available upon request.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction Sumpter Rd south to Willis Rd West to Sharon Ct
Rooms
Basement Slab
Interior
Heating Forced Air
Exterior
Amenities Available Pets Allowed
Waterfront No
View Y/N No
Building
Sewer Public
Water Public
Structure Type Vinyl Siding
Others
Tax ID 81034990004000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION
REALTOR®