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
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
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