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5061 Lakewood

Detroit, MI 48213
  • $999,999
  • STATUS: Active
  • ON SITE: 256 Days
  • MLS #: 20240036378
Price Reduced
UPDATED: 73 min ago
$999,999
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 17,140
    SQFT
  • $58
    $/SQFT
Type:
Commercial
County:

School Ratings & Info

Description

!!!!!Projected net profit of 10-12% or $110,000-120,000 after all expenses!!! Beautifully renovated apartment complex has 20 units. Can be fully rented at closing at the discretion of the buyer. 12 very large 2 bedroom units and 8 comfortable 1 bedroom units. This complex is located in a stable and high demand rental area. Schedule an appointment today. BATVAI. Purchaser to pay a 495 transaction fee at closing.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-08T22:48:55.603.
www.kelder.com/homes/150994671
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5061 Lakewood Detroit, MI 48213

  • Price: $999,999
  • Status: Active
  • On Site: 256 Days
  • Updated: 73 min ago
  • MLS #: 20240036378
0
Beds
0
Baths
0
½ Baths
0.42
Acres
17,140
SQFT
$58
$/SQFT
Neighborhood:
Jefferson Park Land Co Ltd No 1 (Plats)
County:
Wayne
Area:
Detroit (82001)
Property Description
!!!!!Projected net profit of 10-12% or $110,000-120,000 after all expenses!!! Beautifully renovated apartment complex has 20 units. Can be fully rented at closing at the discretion of the buyer. 12 very large 2 bedroom units and 8 comfortable 1 bedroom units. This complex is located in a stable and high demand rental area. Schedule an appointment today. BATVAI. Purchaser to pay a 495 transaction fee at closing.
Exterior Features

Exterior Construction Brick Frontage 140 Lot Size 140.00 x 130.00 Roads Paved Street Waterfront YN No

Interior Features

Basement YN No

Property Features

Assessments Amount 100 Assessments YN Yes Commercial Type Commercial/Industrial Financial Terms CashConventional Lease YN No Municipality Detroit Occupant Ken Ownership Private SEV 449100 Sewer Septic Public Sanitary Subject To Short Sale Approval No Summer Tax Amount 17720 Taxable Value 228874 Total Tax Amount 19876 Water Public Water Winter Tax Amount 2156 Zoning Multi-FamilyResidential

Listing courtesy of Reach Realty Group : 313-766-4000.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-08T22:48:55.603.
 
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The Kelder Group LLC
9284 Lapeer Rd.
Davison MI, 48423