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Listing 1 out of 2,258
$295,000 For Sale

8225 Cadillac
Warren, MI 48089

Multi Family Home
8712 sq ft lot - MLS# 31380006
Property Photo
1/9

Description

GREAT INVESTMENT PROPERTY! LOW MAINTENANCE AND GREAT CASH FLOW. SINGLE STORY 8 UNIT APARTMENT BUILDING. EACH OF THE 8 UNITS ARE A ONE ROOM STUDIOS WITH A KITCHEN EFFICIENCY, STOVE, OVEN, REFRIGERATOR AND SINK, WALK IN CLOSET, PRIVATE FULL BATH, CEILING FAN, SMOKE DETECTOR, INDEPENDENT HEAT. PRIVATE EXTERIOR ENTRANCES, CINDER BLOCK CONSTRUCTION, FLAT ROOF, SLAB FOUNDATION. HAS NEWER VINYL WINDOWS (2005), SEWER LINE TO STREET (2008), HOT WATER HEATER (2012) ALL UNITS HAVE NEW TOILETS, BATHROOMS SINKS, KITCHEN SINKS AND BULLETPROOF VYNIL PLANK FLOORING WITHIN THE PAST 3 YEARS. BONUS ON SITE COIN OPERATED LAUNDRY FOR ADDITIONAL REVENUE. POSSIBLE 9TH UNIT COULD BE BUILT BY MAKING THE LAUNDRY ROOM AND MAINTENANCE ROOM SMALLER INCREASING CASH FLOW EVEN MORE, MAKING THIS PROPERTY A 13.75 CAP RATE

Features

  • Property Type: Multi Family Home
  • Sub Type: Apartment,Investment, Multi-Family
  • Listing Status: Active
  • County/Area: Macomb County
  • Zip Code: 48089
  • Year Built: 1954
  • Subdivision/Neighborhood: Pipers First Vandyke Farms
  • School District: Van Dyke Public Schools
  • Style: Ranch
  • Stories: 1 Story
  • Bedrooms: 8
  • Full Baths: 8
  • Lot Size: 80x109
  • Baths: 8
  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Community Fee Includes: Electric Included, Snow Removal, Trash Removal, Water
  • Cooling System: Ceiling Fan(S)
  • Exterior Construction: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Foundation Type: Slab
  • Fuel Type: Natural Gas
  • Interior Features: Walk-In Closet
  • Municipality: Warren
  • Originating Mls: Mi Real Source
  • Parking: 1 Space
  • Sale/Rent: For Sale
  • Sewer Septic: Public At Street
  • Source MLS: MiRealSource
  • Summer Tax Amount: 5835
  • Total Tax Amount: 5960
  • Water: Public Water At Street
  • Winter Tax Amount: 125
Courtesy of Real Estate In The Pointes

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 Kris Wales RE/MAX First

Kris Wales
RE/MAX First

25814 Jefferson
St. Clair Shores, MI 48081

586-536-5453
Contact Me

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Kris Wales | 586-536-5453 | Contact Me
25814 Jefferson Ave - St. Clair Shores, MI 48081
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